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Sensex Zooms Over 600 Points; Nifty Trades Above 9,200 Mark
Wed, 27 May 01:30 pm

Share markets in India have extended early gains and are presently trading on a strong note, lifted by private banks and finance stocks.

The BSE Sensex is trading up by 605 points, up 2%, at 31,150 levels. Meanwhile, the NSE Nifty is trading up by 174 points.

Shares of Axis Bank and ICICI Bank surged over 5%, while Bajaj Finance, Kotak Mahindra Bank and HDFC Bank gained in the range of 3-4%.

Axis Bank gained after a report said private equity group Carlyle was in discussions with the lender for a fund infusion. As per reports, Carlyle may invest US$ 1 billion for an 8% stake in the bank.

On the sectoral front, gains are largely seen in the banking sector, finance sector, and IT sector.

Market participants are tracking Dabur share priceQuess Corp share price and Sun Pharma share price as these companies are scheduled to announce their March quarter results (Q4FY20) later today.

More details to follow in the upcoming commentary.

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