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The Nifty50 gained 53 points to trade at 7,904.Top gainers from the Sensex pack are Infosys, Cipla, NTPC, ITC and Lupin, all surging between 1%-7%.Benchmark indices continue to maintain the upward trend after India’s second-largest information technology (IT) services firm forecast strong revenue growth of 11.5%-13.5% in consent currency (CC) in the current fiscal.
Further, recent rate cut by the Reserve Bank and hopes of a good monsoon have strengthened investors’ sentiments. However, weakness in the Asian shares amid sharp decline in the oil prices has capped the upside gains.The S&P BSE Sensex was up 114 points to quote at 25,740 and the Nifty50 gained 35 points to trade at 7,885. Broader markets are outperforming the benchmark indices- BSE Midcap and Smallcap indices are up almost 1%.
The rupee depreciated 6 paise to 66.70 against the US currency at the Inter-bank Foreign Exchange due to increased demand for the dollar from importers.
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