Following the lead of advances in Asian markets, domestic bourses continued to trade in tight ranges on continuing purchasing by funds and retail investors, with the Sensex and Nifty trading over 53,800 and 16,100, respectively. Aside from blue chips, broader indexes also joined in the surge, with both mid and small-cap indices trading up by more than 1%.

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All Asian markets were trading firm with Hang Seng increased 550.54 points or 2.76% to 20,500.75, Nikkei 225 surged 112.70 points or 0.42% to 26,659.75, Straits Times advanced 9.67 points or 0.3% to 3,200.83, Taiwan Weighted strengthened 155.05 points or 0.98% to 16,056.09, Jakarta Composite soared 49.70 points or 0.75% to 6,647.69, Shanghai Composite gained 14.04 points or 0.46% to 3,087.79 and KOSPI was up by 23.86 points or 0.92% to 2,620.44.

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The broader indices were trading in green with the BSE Midcap index rising 1.10%, while the Small cap index was up by 1.50%. The top gaining sectoral indices on the BSE were Metal up by 5.06%, Energy up by 3.01%, Basic Materials up by 2.54%, Oil & Gas up by 2.48% and Telecom was up by 2.12%, while there were no losing sectoral indices on the BSE.

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The Sensex is now trading at 53,827.01, up 853.17 points or 1.61% after trading in a range of 53,176.02 to 53,991.49. On the index, 26 stocks advanced and 4 stocks declined.

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The top gainers on the Sensex were Tata Steel up by 3.96%, ITC up by 3.13%, Reliance Industries up by 3.12%, ICICI Bank up by 3.02% and Maruti Suzuki was up by 2.84%. On the flip side, Sun Pharma down by 0.74%, Mahindra & Mahindra down by 0.17%, Dr Reddy’s Lab down by 0.14% and Power Grid was down by 0.02% were top losers.

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The Nifty is presently trading at 16,104.80, up 262.50 points or 1.66% after trading in a range of 15,900.80 and 16,153.00. On the index, 42 stocks advanced and 8 stocks declined.

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The top gainers on Nifty were Hindalco up by 7.33%, Coal India up by 6.14%, ONGC up by 5.05%, JSW Steel up by 4.42% and Tata Steel was up by 4.00%. On the flip side, Tata Consumer Products was down by 1.84%, Cipla was down by 1.74%, Sun Pharma down by 0.69%, HDFC Life Insurance down by 0.68% and Dr Reddy’s Lab was down by 0.29% were the top losers.