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At 09.17 AM, the Sensex was up 89.13 points at 19104.27, and the Nifty gained up 32.65 points at 5794.00. Top largecap gainers on the indices were Bhart, Sterlite, BHEL, Jindal Steel, HDFC, DLF, JP Associates and Sesa Goa.
With global markets moving up, Indian equity benchmarks too entered the reconstruction mode. The 317 points massacre on the Sensex, a pull back was expected. Most of the stocks that lost 2-3 percent have bounced back 1-1.5 percent. Bharti shot up 2.5 percent; investors have got bullish on the telecom giant post failure of spectrum auction. Top largecap gainers on the indices were Sterlite, BHEL, Jindal Steel, HDFC, DLF, JP Associates and Sesa Goa.
Saurabh Mukherjee of Ambit is of the view that the pre-Budget sell-off was due to funding crisis in local market leading to liquidating of pledged funds.
In the midcap space, Suzlon was the champion with 8 percent gains. Core and Educomp which collapsed have picked up mome
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Dont see mkt going anywhere now; like Bharat Forge: Dipen