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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.
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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Seeing partial earnings recovery; like HCL Tec, L&T: Nomura