MARKET LIVE: Sensex at 4-month high, atop 59K; Nifty50 above 16,650 levels

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Better-than-estimated US data at 8.5 per cent in July coupled with strong global sentiments fuelled bulls in Thursday’s trade on the BSE. Frontline indices Nifty50 rose over 150 points to trade above 17,700 levels and the S&P BSE climbed over 600 points at 59,457 levels.
 
Broader markets, too, reflected strength as Midcap 100 and Smallcap 100 surged up to 0.9 per cent.
 


Tech Mahindra, ICICI Bank, Infosys, Wipro, Titan, Bajaj Finance were the top contributors to the benchmark indices. On the other hand, only Ultratech Cement weighed on the benchmark indices.

 

That apart, all sectors opened in green as Bank, Nifty IT, and Nifty Realty led the charge.
 


Among individual stocks, shares of Eicher Motors hit 52-week high at Rs 3,256 per share after the auto major reported over two-fold jump in consolidated net profit to Rs 611 crore in Q1FY23. 

 


Besides, shares of Coal India, too, hit 52-week high at Rs 226 per share after the miner saw 178 per cent jump YoY in consolidated net profit to Rs 8,834 crore in Q1FY23.

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