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The market breadth was in favour of the advances on Monday afternoon with 1140 stocks advancing as against 505 declines while 356 remained unchanged. On the other hand, 1676 stocks advanced and 797 stocks declined on the BSE.The Indian benchmark indices started on a negative note with the Sensex cracking over 600 points but recovered majorly and was up 267 points on Monday morning on the back of Gujarat and Himachal Pradesh poll results which are currently underway indicating a substantial lead by BJP.
The Nifty was up over 87 points while the Sensex gained 267 points. The midcap index was the outperforming sector gaining 1.4 percent led by IRB Infra, L&T Finance, Mcleod Russel, Petronet LNG, Sun TV, Tata Global and Union Bank.
Bank Nifty was up over 1 percent led by State Bank of India, HDFC Bank, ICICI Bank and Punjab National Bank.
CNX Pharma zoomed close to 2 percent as stocks like Sun Pharma and Dr Reddy's Labs were up 2 percent followed by Cipla and Cadila Healthcare.
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