The market is surging ahead with support from capital goods, oil and metal stocks. The Sensex is up 112.09 points or 0.4 percent at 27842.30, and the Nifty is up 31.35 points or 0.4 percent at 8384.45. About 1269 shares have advanced, 770 shares declined, and 142 shares are unchanged. Coal India is up 3 percent while L&T, Bharti Airtel, Cipla and Hindalco are top gainers in the Sensex. Dragged by Infosys IT index is down 1 percent from previous close.
Hero Motocorp, Lupin, GAIL and Wipro are other laggards in the Sensex. Meanwhile, China’s factory activity showed some signs of stabilising in June but still contracted for the fourth straight month, according to a preliminary private survey, suggesting more stimulus measures may be needed to support the world’s second-largest economy.
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