Benchmark Indices Extended Gains In Morning, With The Sensex Inching Towards 33,000 Level - Dollar Advisory Financial Services

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Thursday 16 November 2017

Benchmark Indices Extended Gains In Morning, With The Sensex Inching Towards 33,000 Level

Benchmark indices extended gains in morning, with the Sensex inching towards 33,000 level. It was backed by Reliance Industries (up 1.86 percent), ICICI Bank (1 percent), Infosys (1 percent), Tata Motors (1.1 percent) and L&T (0.6 percent).

The 30-share BSE Sensex was up 186.17 points at 32,946.61 and the 50-share NSE Nifty rose 49.30 points to 10,167.30.

The market breadth was strong as about two shares advanced for every share falling on the BSE.

Shares of NCC rose nearly 4 percent in morning as global research firm Macquarie has maintained outperform rating with a target Rs 125 per share.

The research house expects strong revenue growth in FY19, which will lead by strong execution.

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