On the basis of bullish signs from other Asian markets, Indian equity indices extended their winning streak in the mid-day session. PM Modi’s statement that “India is bound for tremendous economic development” boosted domestic optimism.

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Asian markets were trading in green with Taiwan Weighted strengthened 147.06 points or 0.9% to 16,566.44, KOSPI rose 27.98 points or 1.05% to 2,695.47, Straits Times advanced 27.04 points or 0.81% to 3,362.13, Shanghai Composite gained 11.06 points or 0.37% to 2,986.54 and Hang Seng increased 410.13 points or 2.02% to 20,686.30.

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Sensex is presently trading at 57,900.06, up 379.00 points or 0.66% from a low of 57,544.48 and a high of 57,918.08. On the index, there were 22 stocks that rose and 8 stocks that fell.

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The broader indices were trading in green with the BSE Midcap index being up by 0.55%, while the Small cap index was up by 0.43%. The top gaining sectoral indices on the BSE were Realty up by 1.03%, Healthcare up by 0.80%, Metal up by 0.64%, Basic Materials up by 0.55% and FMCG up by 0.53%, while PSU down by 0.38%, Energy down by 0.36%, Oil & Gas down by 0.36% and Capital Goods down by 0.10% were the top losing indices on BSE.

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The top gainers on the Sensex were Sun Pharma up by 2.48%, Dr Reddy’s Lab up by 2.33%, Kotak Mahindra Bank up by 2.21%, HDFC Bank up by 2.18% and HDFC up by 2.06%. On the flip side, Axis Bank down by 4.22%, Wipro down by 1.60%, Power Grid down by 1.44%, NTPC down by 1.06% and Tech Mahindra down by 0.28% were the top losers.

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Nifty is presently trading at 17,351.50, up 106.45 points or 0.62% from a low of 17,240.20 and a high of 17,357.75. On the index, there were 32 stocks that rose and 18 stocks that fell.

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The top gainers on Nifty were HDFC Life Insurance up by 3.26%, Sun Pharma up by 2.38%, Tata Consumer Products up by 2.32%, Dr Reddy’s Lab up by 2.25% and HDFC Bank up by 2.18%. On the flip side, Axis Bank down by 4.23%, SBI Life Insurance down by 1.77%, Wipro is down by 1.65%, Adani Ports & SEZ down by 1.50% and Coal India down by 1.50% were the top losers.