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Wednesday, 17 December 2014

Sensex reclaims 27000; BSE Midcap, Smallcap gain over 2%

Equity benchmarks saw sharp rebound today after falling for the last five consecutive sessions. The Sensex climbed 316.70 points or 1.19 percent to 27026.83 and the Nifty rose 97.05 points or 1.21 percent to 8126.85 after Fed meet outcome.

The BSE Midcap and Smallcap indices jumped 2.3 percent and 2.7 percent, respectively. More than five shares advanced for every share declining on the Bombay Stock Exchange.

Major lenders like State Bank of India, ICICI Bank and Axis Bank gained 2-3 percent while state-run power equipment maker BHEL topped the buying list on Sensex, up 4 percent.

Cigarette major ITC rebounded with a percent gain after seeing a marginal fall in early trade. Engineering and construction major L&T gained 1.7 percent after Canada Pension Plan Investment Board through its subsidiary made initial investment of Rs 1,000 crore in L&T IDPL (the subsidiary of L&T).

Tata Steel climbed 3 percent after sources said the steel maker restarted iron ore production from two Odisha mines. Odisha government on Tuesday allowed Tata Steel to operate 4 iron ore mines.

Among others, Hindalco Industries and Tata Power surged 3 percent each followed by Tata Motors, ONGC, Maruti, Bajaj Auot, Cipla, NTPC, Bharti Airtel, Gail and Sesa Sterlite with 1-2 percent gain. More information please visit this site

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