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The domestic equity benchmarks continued to trade with decent gains in morning trade. The Nifty hovered above 24,600 level. Realty shares advanced for the second consecutive trading session.
At 10:30 IST, the barometer index, the S&P BSE Sensex, was up 182.04 points or 0.23% to 80,846.90. The Nifty 50 index rose 53 points or 0.22% to 24,639.70 .
Nifty50 index hit an all-time high at 24,650.05 in early trade.
In the broader market, the S&P BSE Mid-Cap index rose 0.18% and the S&P BSE Small-Cap index added 0.66%.
The market breadth was strong. On the BSE, 2,259 shares rose and 1,301 shares fell. A total of 156 shares were unchanged.
Buzzing Index:
The Nifty Realty index rose 1.79% to 1,127.75. The index advanced 2.18% in two trading sessions.
Sunteck Realty (up 9.18%), Brigade Enterprises (up 3.46%), Prestige Estates Projects (up 2.7%), Phoenix Mills (up 1.74%), Godrej Properties (up 1.42%), Oberoi Realty (up 1.36%), Sobha (up 1.26%), DLF (up 0.76%), Macrotech Developers (up 0.7%) and Mahindra Lifespace Developers (up 0.5%) edged higher.
Stocks in Spotlight:
Lemon Tree Hotels rose 0.34%. The company announced its entry in Jharkhand with the opening of Lemon Tree Hotel, Centre Point, Jamshedpur. This hotel features 42 well-appointed rooms, Slounge – a hip recreation bar, Republic of Noodles – the award winning Pan-Asian restaurant, a banquet, a fully equipped fitness center and other public areas.
Hindustan Unilever (HUL) added 0.89%. The firm said that it has signed an agreement with A. O. Smith, a leading global water technology company, for the sale of its Indian water purification business, which was carried under the 'Pureit’ brand.
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