Key equity indexes rose further the midday on continuous purchasing in index heavyweights Maruti Suzuki, Larsen & Toubro, and Mahindra & Mahindra.

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Investors’ mood was optimistic as the commerce and industry ministry said that overall foreign direct investment (FDI) into India increased by 2% to the ‘highest ever’ $83.57 billion in 2021-22 as a result of several government initiatives such as policy changes and ease of doing business.

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Asian markets were trading mixed with Hang Seng decreasing 274.70 points or 1.33% to 20,442.54, Straits Times trembled 13.74 points or 0.42% to 3,226.84, Jakarta Composite lost 76.44 points or 1.1% to 6,841.70 and Shanghai Composite was down by 3.65 points or 0.12% to 3,142.92.

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On the flip side, Nikkei 225 surged 262.49 points or 0.98% to 27,001.52, Taiwan Weighted strengthened 11.56 points or 0.07% to 16,156.41 and KOSPI was up 8.09 points or 0.31% to 2,647.38.

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The Sensex is presently trading at 54,778.36, up 451.97 points or 0.83% from a low of 54,191.55 and a high of 54,826.77. On the index, there were 25 stocks that advanced and 5 stocks that declined.

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The broader indices were trading in green with the BSE Midcap index rising 0.86%, while the Small cap index was up by 0.40%. The top gaining sectoral indices on the BSE were Auto up by 2.27%, Capital Goods up by 1.88%, Consumer Discretionary up by 1.48%, Bankex up by 1.42% and Industrials were up by 1.40%, while Metal down by 7.32%, Basic Materials down by 2.80%, Oil & Gas down by 0.68%, Energy down by 0.59% and Utilities were down by 0.19% were the top losing indices on BSE.

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The top gainers on the Sensex were Maruti Suzuki up by 4.53%, Larsen & Toubro up by 2.85%, Mahindra & Mahindra up by 2.75%, Nestle up by 2.75% and Hindustan Unilever was up by 2.39%. On the flip side, Tata Steel was down by 11.73%, ITC was down by 1.93%, Power Grid down by 1.24%, Ultratech Cement was down by 0.44% and Reliance Industries was down by 0.22% were the top losers.

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The Nifty is presently trading at 16,377.60, up 111.45 points or 0.69% after trading in a range of 16, 207.25 and 16382.50. On the index, there were 36 stocks that advanced and 14 stocks that declined.

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The top gainers on Nifty were Maruti Suzuki up by 4.58%, Larsen & Toubro up by 3.09%, Nestle up by 2.91%, Mahindra & Mahindra up by 2.89% and Hindustan Unilever was up by 2.53%. On the flip side, JSW Steel was down by 12.10%, Tata Steel was down by 11.84%, ONGC down by 4.17%, Hindalco down by 2.73% and ITC was down by 1.93% were the top losers.