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The Sensex is up 426.08 points or 1.7 percent at 25654.58. The Nifty is up 123.05 points or 1.6 percent at 7856.50. About 1611 shares have advanced, 930 shares declined, and 162 shares are unchanged. Bajaj Auto, ICICI Bank, HDFC, Axis Bank and L&T are top gainers in the Sensex. Among losers are Tata Steel and Dr Reddy's
The Nifty touched 7850 briefly while the Sensex continued to ride on firm global cues. The 50-share index is up 112.45 points or 1.4 percent at 7845.90 while the Sensex is up 388.31 points or 1.5 percent at 25616.81.
HDFC twins and ITC are top Nifty contributors. Bajaj Auto, ICICI Bank, HDFC, L&T and Axis Bank are top gainers in the Sensex. Among losers are Dr Reddy's Labs, Tata Steel and BHEL. HUL is up 2 percent ahead of its January-March quarter.
No firework is expected from HUL's Q4 quarter result but volume is likely to grow riding on price deflation. Margins are expected to remain stable on benign input cost environment and cost control. According to a CNBC-TV18 poll, the FMCG major is seen reporting net profit at Rs 996 crore in Q4FY16, marginally down by 2 percent from Rs 1018 crore in corresponding quarter last fiscal. During the period, revenue may rise 4 percent at Rs 7990 crore against Rs 7675 crore on annual basis.
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