Markets reversed some early gains but remained in the green in the midday session, owing to purchasing in blue-chip companies from diverse sectors. Selling pressure in Realty, PSU, and Telecom companies capped gains while buying in Utilities, Power, and FMCG firms boosted the Sensex and Nifty by 149 and 38 points, respectively.

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All Asian markets were trading firm, with the Hang Seng up 53.39 points or 0.26% to 20,655.91, the Nikkei 225 up 251.45 points or 0.94% to 26,911.20, the Straits Times up 36.09 points or 1.13% to 3,237.98, the Taiwan Weighted up 240.77 points or 1.5% to 16,296.86, the Jakarta Composite up 46.16 points or 0.69% to 6,690.63, the Shanghai Composite up 3.35 points or 0.11% to 3,097.05 and KOSPI was up by 5.54 points or 0.21% to 2,625.98.

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The Sensex is now trading at 54,467.77, up 149.30 points or 0.27% after fluctuating in a range of 54,409.53 and 54,786.00. On the index, there were 20 stocks that advanced and 10 stocks that declined.

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The broader indices were trading in green with the BSE Midcap index rising 0.11%, while the Small cap index was up by 0.55%. The top gaining sectoral indices on the BSE were Utilities up by 1.28%, Power up by 1.23%, FMCG up by 1.00%, IT up by 0.53%, Healthcare up by 0.51%, while Realty down by 1.15%, PSU down by 0.80%, Telecom down by 0.18% and Oil & Gas was down by 0.04% were the top losing indices on BSE.

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The top gainers on the Sensex were Ultratech Cement up by 1.94%, Asian Paints up by 1.57%, Dr Reddy’s Lab up by 1.30%, Hindustan Unilever up by 1.24% and Sun Pharma was up by 1.02%. On the flip side, Power Grid was down by 2.91%, Bharti Airtel down by 1.70%, Bajaj Finserv down by 1.01%, SBI down by 0.82% and Tech Mahindra was down by 0.57% were the top losers.

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The Nifty is presently trading at 16,298.05, up 38.75 points or 0.24% after moving in a band of 16,278.40 and 16,399.80. On the index, 29 equities advanced and 21 stocks declined.

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The top gainers on Nifty were Tata Consumer Products up by 2.32%, Adani Ports up by 1.96%, Ultratech Cement up by 1.93%, Asian Paints up by 1.52% and Cipla was up by 1.51%. On the flip side, Power Grid down by 3.14%, BPCL down by 2.12%, Apollo Hospital down by 1.84%, Bharti Airtel down by 1.83% and Bajaj Finserv was down by 1.08% were the top losers.