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The key benchmark indices started Monday’s session on an upbeat note driven by banking majors HDFC and HDFC Bank as the two announced a merger deal. The
topped the 18,000-mark, higher by 390 points.
Among the Sensex-30 shares, HDFC and HDFC Bank rose 16 per cent and 13 per cent, respectively, leading index’s gains. They were followed by Bajaj Finance, Titan, Tech M, Asian Paints and HCL Tech. On the Nifty, HDFC Life and Divis Labs were the additional top gainers.
On the flip side, M&M, Infosys, Maruti, Eicher Motors, Axis Bank and ONGC were the top losers on the two benchmarks, down up to 1.5 per cent.
Sectorally, Nifty Bank and Nifty Financial indices were the front runners led by HDFC twins, and were up to 2.8 per cent higher. Nifty Pharma, Consumer Durables and Oil & Gas were the other notable gainers. While, Nifty Auto was the sole loser.
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