CLOSING BELL: The frontline indices climbed on the back of gains in Infosys, ICICI Bank, Kotak Bank, TCS, Axis Bank, L&T, SBI, and Reliance Industries

Markets continue to rally on RBI policy fillip; Sensex rises 164 points

<b>CLOSING BELL<br />
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Stock market highlights:&nbsp;</b>Riding on an upbeat global momentum, benchmark indices surged over 1 per cent higher on Monday, led by nearly broad-based buying. The S&P BSE Sensex jumped 760 points to end at 54,521 level while the Nifty closed at 16,279, up 229 points.<br />
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The frontline indices climbed on the back of gains in Infosys, ICICI Bank, Kotak Bank, TCS, Axis Bank, L&T, SBI, and Reliance Industries. All these index heavyweights rallied between 0.85 per cent and 4.5 per cent. Separately, Tech M, Bajaj twins, Wipro, Ultratech Cement, Tata Steel, Titan, and Asian Paints were the other gainers rising up to 3.5 per cent.<br />
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On the downside, Dr Reddy&#39;s Labs, HDFC Bank, HUL, Nestle, M&M, Maruti Suzuki, and HDFC were the laggards, down in the range of 0.5 per cent to 1.7 per cent.<br />
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Meanwhile, in the broader market, Cholamandalam Finance, Shriram Transport Finance, Voltas, RBL Bank, Mindtree, Quick Heal, Vardhaman Textiles, and AP Tech lifted the BSE MidCap and SmallCap indices 1.5 per cent and 1.4 per cent higher, respectively.<br />
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Sectorally, all the indices, except the Nifty Pharma index, settled in the positive territory. The Nifty IT index advanced over 3 per cent, followed by the Nifty PSB index (up 3 per cent), and the Nifty Metal index (2.5 per cent). The Pharma index, meanwhiole, eased 0.14 per cent.<br />
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<strong>Global cues</strong>
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	European stocks advanced on Monday to build on Friday&#39;s gains, although Italy&#39;s main index was muted amid political uncertainty. The pan-European Stoxx 600 index gained 1.2 per cent in early deals, with oil and gas stocks climbing 2.9 per cent to lead gains as all sectors and major bourses entered positive territory.<br />
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	In Asia-Pacific on Monday, Hong Kong&#39;s Hang Seng jumped more than 2 per cent, while US stock index futures were 1 per cent higher after a positive end to last week.</div>

Sensex zooms 760 pts, Nifty tops 16,250; IT index up 3%, HDFC Bank dips 1%

Business Standard

Sensex zooms 760 pts, Nifty tops 16,250; IT index up 3%, HDFC Bank dips 1% | News on Markets - Business Standard

DII inflows: Buy equities worth Rs 1,059 crores Friday

FPI selloff: Foreign investors pull Rs 1,649 crores of shares Friday

Watch BS Special: Will Nifty50 reclaim 17,000 this week?

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	Equity markets wilted under selling pressure during four out of five trading sessions last week, amid fears of steeper interest rate hikes. Let&rsquo;s delve into the likely triggers for the markets this week. <a href="https://www.business-standard.com/the-morning-show/video/markets-insights/will-nifty50-reclaim-17-000-this-week-1246.htm" target="_blank"><strong>Watch</strong><br />
	<br />
	<img alt="Photo: Bloomberg" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-11/15/full/1636950552-2573.jpg?im=Resize,width=640" /></a></div>

New Zealand reports 32-high year inflation at 7.3% in Q2

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		BREAKING: New Zealand reports annual inflation of 7.3% in the second quarter of 2022, the highest in 32 years.</p>
	&mdash; The Spectator Index (@spectatorindex) <a href="https://twitter.com/spectatorindex/status/1548819232020140034?ref_src=twsrc%5Etfw">July 17, 2022</a></blockquote>
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US Pres fails to strike major oil commitments with Saudi leaders: Reuters

<blockquote class="twitter-tweet">
	<p dir="ltr" lang="en">
		*BIDEN FAILS TO SECURE MAJOR OIL OUTPUT COMMITMENTS AT ARAB SUMMIT - <a href="https://t.co/MHgtdDod2g">https://t.co/MHgtdDod2g</a> <a href="https://twitter.com/search?q=%24CL_F&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$CL_F</a> <a href="https://twitter.com/hashtag/OOTT?src=hash&amp;ref_src=twsrc%5Etfw">#OOTT</a> <a href="https://t.co/gHuPqYCH5e">pic.twitter.com/gHuPqYCH5e</a></p>
	&mdash; Investing.com (@Investingcom) <a href="https://twitter.com/Investingcom/status/1548747629819199488?ref_src=twsrc%5Etfw">July 17, 2022</a></blockquote>
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SGX Nifty firmly higher; hints at gap-up open for Nifty50

Brent Crude back above $100/ bbl amid supply crunch fears

Asian indices rise in early trade; Hang Seng leads

US equity futures trade with tepid gains in early deals

Recap: European markets also inch higher Friday

Recap: US markets post relief rally Friday as 100 bps rate hike fears subside

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