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In early deals, Sensex advanced 201 points or 0.3% to scale a fresh record high of 56,160, while Nifty added 29 points or 0.18% to 16,654.
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The bank last month posted a nearly three-fold jump in its net profit at Rs 1,177 crore for the quarter ended June 30
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Nirav Chheda of Nirmal Bang Securitis is positive on Reliance Industries with a target price of Rs 2,250.
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The key equity indices ended near the day's high with robust gains on Tuesday, tracking positive cues in other Asian stocks.
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Asian stocks traded mostly higher on Wednesday, as optimism continued to drive US stocks, with the S&P 500 and Nasdaq reaching record highs overnight.
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With a market capitalisation of Rs 13.84 lakh crore, Reliance Industries is the most valued firm
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In Asia, stock exchanges in Shanghai, Hong Kong, Tokyo and Seoul ended with strong gains
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The public offer aggregating up to Rs 3,850 crore had a fresh issue of up to Rs 1,300 crore and an offer for sale of up to Rs 2,550 crore.
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Buoyancy in tax collections brought back traders into metal names even as the Nifty Bank lent good support
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Bitcoin has started showing an upward trend as it crossed the mark of $50,000 on Monday for the first time in the 3 months