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After shedding over 60 points, the 30-share index made a U-turn and was trading over 520 points higher at a record high of 50,321.89.
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Consumer Durables stocks were trading in the positive zone, with the S&P BSE Consumer Durables index rising 406.38 points or 1.29% at 31811.53 at 09:48 IST.
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Healthcare stocks were trading in green, with the S&P BSE Healthcare index increasing 423.47 points or 2.01% at 21486.76 at 09:48 IST.
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Shares of Home First Finance Company made a decent stock market debut on Wednesday.
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Sensex & Nifty open at record highs but slip into the red. Here's how the markets opened on 3rd February 2021.
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Sensex up 433 points at 50231, while the Nifty50 rose 107 points up at 14754.
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Bharti Airtel, Adani Enterprises, Adani Green Energy, Apollo Tyres, Aptech, Astral Poly Technik and Bajaj Consumer Care are slated to announce their financial results on Wednesday.
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#WatchNow A round up of global cues and top stock picks for today's trades.
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Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 58 points at the opening bell.
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The Sensex has amassed 3,511 points or 7.58 per cent in two sessions, and the Nifty has accumulated 1,007.25 points or 7.38 per cent.