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MARKET LIVE: Sensex rose 700 points, Nifty about 16,900; Tata Steel, Infosys shine


Stock updates: In a sharp reversal from the previous day’s losses, key benchmarks continued to rise steadily at noon on Thursday, tracking steady global sentiment after the US Fed rate rose.

The rose about 600 points to 56,250, while added 170 points to 16,850 extra levels.

Among 30 shares, Tata Steel and Infosys rose more than 3 percent each. Tech Mahindra, SBI, Mahindra & Mahindra, Kotak Bank and ICICI Bank were other major revenues. On the other hand, Nestle India and IndusInd Bank were notable losers, dropping more than a percentage each.

The wider also rose intelligently. The The MidCap and SmallCap indices rose 0.8% and 0.9%, respectively. Market width was also quite positive: more than two stocks moving forward for each downgrade on .

In the sectoral plan, the BSE Metal and Capital Goods indices rose by more than 2 percent each. Other significant gains were the indexes of IT, Power, Auto and Banking.

Upgrading the primary market

As of 12:35 a.m., 82 percent had subscribed to the mega-sale of Life Insurance Corporation (LIC) shares, with categories of insurers and employees registering the highest subscriptions at 2.49 and 1.65 times, respectively. The retail quota received applications up to 75 percent.

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