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The indices have further advanced their gains as the Sensex has risen 300 points, while the Nifty has hit 10,700-mark. The market breadth strongly favours the advances.
Axis Bank, SBI, are the top gainers, while TCS, Wipro are the top losers. Shares of Axis Bank witnessed extreme movements in morning trade as the scrip recovered from 3 percent lows to be trading over 5.5 percent higher. Experts were anticipating a lower opening on the back of its dismal performance in the March quarter.
The stock touched an intraday high of Rs 522.00 and an intraday low of Rs 479.00.
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