The market gained strength after flat opening, led by technology, capital goods, banks and pharma stocks. The Sensex rose 143.92 points to 27924.75 and the Nifty climbed 47.05 points 8415.55. The broader markets continued to be strong again. The BSE Midcap and Smallcap indices rallied 1 percent each again. The market breadth remained strong as about 1422 shares have advanced against 406 shares declined on the Bombay Stock Exchange.
"Government finances are improving. Interest rates are on the downtrend." "All these factors will help the market." Shares of L&T, Tata Motors, Lupin, Sun Pharma, Dr Reddy's Labs, Cipla, Coal India and Hindalco Industries gained more than 1 percent. However, Hero Motocorp, GAIL, NTPC and Wipro declined marginally.
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