CLOSING BELL: Shares of Hero MotoCorp cracked over 6 per cent after reports suggested that the Income Tax Department has found that Hero MotoCorp made more than Rs 1,000 crore bogus expenses

Market LIVE: Sensex up 300 pts, Nifty above 17,300; Pharma, Realty rally

<b>CLOSING BELL</b><br />
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	Voltility gripped the benchmark indices on Tuesday as investors stayed divided between &#39;buy on dips&#39; and &#39;sell on rally&#39; strategies. The frontline S&P BSE Sensex gyrated in a narrow range of around 361 points while the Nifty50 travelled within a band of 100 points.</div>
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	By close, the 30-pack index was parked at 57,944, up 350 points or 0.6 per cent, while the broader 50-share index ended at 17,325, up 103 points or 0.6 per cent.&nbsp;</div>
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	Adani Ports, Eicher Motors, Divis Labs, Bharti Airtel, JSW Steel, HDFC, SBI Life, Ultratech Cement, Cipla, and Shree Cement were the top gainers in the large-cap space, up between 2 per cent and 4.6 per cent.</div>
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	On the downside, Hero MotoCorp, ONGC, Coal India, Indian Oil Corporation, PowerGrid, ITC, and Maruti Suzuki dropped the most, falling between 1 per cent and 6.6 per cent.</div>
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	Individually, shares of <strong>Hero MotoCorp</strong> cracked over 6 per cent after reports suggested that the Income Tax Department has found that Hero MotoCorp made more than Rs 1,000 crore bogus expenses and over Rs 100- crore cash transactions for a farmhouse in Chhattarpur, Delhi. <a href="https://www.business-standard.com/article/news-ani/hero-motocorp-made-over-rs-1-000-crore-bogus-expenses-it-search-reveals-122032900634_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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	The broader BSE MidCap and SmallCap indices, too, rose in-tandem with their large-cap peers, advancing 0.6 per each.</div>
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	<strong>Adani Power </strong>was the biggest MidCap winner as the shares closed over 14 per cent higher. In 6 days, the stock of the Adani Group company has jumped nearly 441 per cent as against a half a per cent rise in the Sensex index during the period. <a href="https://www.business-standard.com/article/markets/adani-power-up-12-hits-52-week-high-on-heavy-volume-zooms-37-in-6-days-122032900379_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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	<strong>Ruchi Soya </strong>was another top gainer, settling 16 per cent up, after the company clarified that the SMSes pertaining to investments in its follow-on public offering (FPO) have not been issued by the company or its promoters. <a href="https://www.business-standard.com/article/markets/ruchi-soya-zooms-20-as-co-says-smses-pertaining-to-fpo-not-issued-by-it-122032900141_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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	On the contrary, JSW Energy, Emami, IDBI Capital, Future Consumer, and Future Supply Chain Solutions were the worst hit.&nbsp;</div>
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	Sectorally, the Nifty Media index dipped over 1 per cent, followed by the Nifty PSU Bank index, down 0.7 per cent. The Nifty Pharma index added 1.5 per cent, and the Nifty Financial Services gained 1 per cent.</div>
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	<strong>Global markets</strong></div>
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	European stocks advanced on Tuesday ahead of another round of Ukraine-Russia talks. The pan-European Stoxx 600 climbed 1.2 per cent by mid-morning, with autos jumping 3 per cent to lead gains as all sectors and major bourses traded in positive territory.</div>
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	On Wall Street, the S&P500 and Dow Jones Futures were up 0.3 per cent each, and Nasdaq Composite Futures climbed 0.5 per cent.</div>
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	Meanwhile, Japan&#39;s Nikkei and Hong Kong&#39;s Hang Seng advanced 1 per cent each, South Korea&#39;s Kospi 0.4 per cent, and Australia&#39;s ASX200 0.7 per cent. China&#39;s CSI300, on the flipside, dipped 0.35 per cent.</div>
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Sensex gains 350 pts; Hero Moto cracks 7%, Ruchi Soya zooms 16%

Business Standard

Sensex gains 350 pts; Hero Moto cracks 7%, Ruchi Soya zooms 16% | News on Markets - Business Standard

US markets close in green Monday; Nasdaq leads

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		source:Reuters</div>
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