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Sensex ends 276 pts higher, Nifty above 9,850; realty and banks lead

Catch all that happened in the market here

SI Reporter  |  New Delhi 

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Analyst View Vinod Nair, Head of Research at Geojit Financial Services says: After a range bound movement the market suddenly spiked up towards the last hour of trade supported by renewed buying in beaten down stocks. Banking stocks grabbed investor’s attention on account of cabinet nod to oversee PSU banks consolidation. Global market remains supportive ahead of Jackson Hole meeting tomorrow which may hold the market direction in the absence of major domestic cues. Nifty chart for the day Source: NSE Banking and financial stocks rally Banking and financial also contributed to the rally. Among private banks IndusInd Bank and ICICI Bank gained over 1.5% each while among PSU Banks PNB and Canara Bank were up 2.6% and 3.3% respectively. Nifty PSU Banks gained over 2% for the day. Photo: Shutterstock Realty index up over 3% The realty index was the top sectoral gainer, up 3.2% led by gains in IndiaBulls Real Estate, DLF, Delta Corp and HDIL Source: NSE Top gainers and losers of Sensex Source: BSE Broader Markets Broader makrets outperformed the frontline indices with BSE Midcap and BSE Smallcap up over 1% each

The and were ended higher on Wednesday, gaining for second straight session with reclaiming the 9,850-mark, led by realty, banking and financial stocks. The gains, however, remained range-bound for want of fresh triggers after a tepid results season.  

Infosys, continued to stay in after co-founder NR Narayana Murthy postponed investors’ concall, which was supposed to be helg later today to August 29, citing health reasons. The stock rose 2%, extending gains from yesterday after it fell over 14% post Vishal Sikka's resignation as MD and CEO of the company. In another development, 

Globally, Asian stocks steadied, taking a breather after the previous day's surge, lacking the momentum to keep up with a global rally spurred by gains for tech shares on and miners in Europe.

First Published: Wed, August 23 2017. 15:30 IST
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Sensex ends 276 pts higher, Nifty above 9,850; realty and banks lead

Catch all that happened in the market here

The and were ended higher on Wednesday, gaining for second straight session with reclaiming the 9,850-mark, led by realty, banking and financial stocks. The gains, however, remained range-bound for want of fresh triggers after a tepid results season.  

Infosys, continued to stay in after co-founder NR Narayana Murthy postponed investors’ concall, which was supposed to be helg later today to August 29, citing health reasons. The stock rose 2%, extending gains from yesterday after it fell over 14% post Vishal Sikka's resignation as MD and CEO of the company. In another development, 

Globally, Asian stocks steadied, taking a breather after the previous day's surge, lacking the momentum to keep up with a global rally spurred by gains for tech shares on and miners in Europe.

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