Equity Benchmarks Have Marginally Extended Their Gains From The Opening Minutes

Equity benchmarks have marginally extended their gains from the opening minutes, with the Nifty trading around 11,600-mark. The Sensex is up around 50 points. A sharp recovery in banks as well as metals has helped the market. FMCG and pharmaceuticals are trading in the red. Meanwhile, midcaps are trading in the green, up around quarter of a percent.

The Sensex is up 56.53 points or 0.15% at 38393.29, while the Nifty is up 13.50 points or 0.12% at 11596.30. The market breadth is narrow as 942 shares advanced, against a decline of 740 shares, while 94 shares are unchanged.

Shares of Axis Bank is up 2 percent on reports of Amitabh Chaudhry likely succeeding Shikha Sharma. Hexaware fell 17 percent after Baring PE is said to have sold 8 percent equity in the company.

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