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Strong global mood, positive early Q3 results, and softening crude oil prices propelled domestic markets higher in Monday’s trade.
Key indices Nifty50 advanced over 100 points to trade above 18,150 levels, whereas the S&P BSE Sensex jumped over 450 points to trade around 61,090 levels.
Broader markets, meanwhile, were mixed as Nifty MidCap 100 Nifty SmallCap 100 indices saw marginal gains.
Sectorally, Nifty Bank index gained the most, up to 0.8 per cent. However, Nifty FMCG and Nifty Realty indices were subdued in trade.
Among individual stocks, shares of Reliance Industries (RIL) traded 1 per cent higher after the company’s October-December quarter (Q3FY23) performance came ahead of Street expectations. READ MORE
On the flipside, shares of Ultratech Cement declined over 1 per cent after the company’s consolidated net profit declined 37.9 per cent YoY in Q3FY23.
Rupee hits 10-week high
The domestic currency appreciated 18 paise to hit 10-week high at 80.94/$ as against Friday’s close of 81.12/$.
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