The market is surging ahead as the Sensex is up 214.39 points or 0.7 percent at 28286.32. The Nifty is up 61.45 points or 0.7 percent at 8578.35. About 1953 shares have advanced, 865 shares declined, and 135 shares are unchanged.
Tata Steel, Wipro, Bajaj Auto, Infosys and Lupin are top gainers in the Sensex. Among the top losers are ICICI Bank, Coal India, SBI, Axis Bank and GAIL. Shares of Adani Enterprises surged over 9 percent, extending its rally for the second straight session, after Taiwan-based Foxconn, which makes iPhone, iPad and other Apple products, said it's in talks with the Adani group to set up manufacturing factories in India.
In the previous session too, the stock had rallied 11 percent. Foxconn is in talks with billionaire Gautam Adani's group and other Indian firms to set up manufacturing facilities in India. Foxconn Chairman and CEO Terry Gou, on his second visit to India in 45 days, said yesterday his company was "very keen to invest" in the country and is in talks to strike partnership with local companies.
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