Equity benchmarks have maintained strong northward journey in noon trade led by banking & financials. The Sensex rallied 368.90 points or 1.41 percent to 26589.85 and the Nifty rose 105.70 points or 1.33 percent to 8056.60. About 1745 shares have advanced, 665 shares declined, and 82 shares are unchanged on the BSE. Asian markets traded higher on Dovish Fed expectation even as World Bank trimmed China's 2015 GDP growth forecast to 6.9 percent from 7.1 percent. Markets in China remain closed until Wednesday. Tata Motors gained more than 6 percent after a stellar sales performance in US. JLR US sales increased 61 percent year-on-year. Bajaj Auto rose 1.8 percent after better-than-expected sales data in September. The company said domestic market share will exceed 20 percent in festive season. HDFC soared 4 percent after the company successfully raised around Rs 10,000 crore via a mix of warrants and non-convertible debentures to qualified institutional investors. The housing finance company allotted 3.65 crore warrants at an exercise price of Rs 1,475 per share.
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