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Thursday, 3 March 2016

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Sensex, Nifty climb over 1%; Metals up 5% - 3 Mar 2016

The market rallied more than 1 percent on value buying and short covering in metals, infra, technology and healthcare stocks. The BSE Midcap underperformed benchmarks, up 0.2 percent and Smallcap index gained nearly a percent.

The 30-share BSE Sensex jumped 313.22 points or 1.29 percent to 24556.20 and the 50-share NSE Nifty rose 90.45 points or 1.23 percent to 7459.30. The market breadth continued to be positive as about 1528 shares advanced against 937 declining shares on the BSE.

Metals stocks topped buying list with the NSE Metal index rising 5 percent. Vedanta, Tata Steel and Hindalco Industries rallied 6-9 percent.

Just Dial, SBI, Tata Steel, L&T, Axis Bank and ICICI Bank were most shares on exchanges.

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  1. The market is still on fire as the Sensex is up 247.42 points or 1 percent at 24490.40, and the Nifty is up 69.55 points or 0.9 percent at 7438.40. About 1283 shares have advanced, 776 shares declined, and 102 shares are unchanged.

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