Nifty holds 8500, Sensex strong;
Midcap, Smallcap outperform: Equity benchmarks continued to remain higher in
noon trade with the Nifty holding 8500 level, supported by ITC, Lupin, ICICI
Bank and SBI.
12:59 pm Market remains strong: The Sensex gained 239.80 points at
27513.95 and the Nifty rose 83.35 points to 8517.10. About 2006 shares advanced
against 672 declining shares on the BSE.
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12:46 pm Oil Update: Oil futures rose, with traders citing
opportunistic buying following sharp declines in the previous week that brought
prices to their lowest since early August because of ongoing weak fundamentals.
International Brent crude oil futures were trading at USD 46.26 per barrel, up
1.49 percent, from their previous close. US West Texas Intermediate (WTI) crude
futures were up 1.61 percent, at USD 44.78 a barrel.
12:38 pm Earnings: Home and personal care company Godrej Consumer
Products' second quarter consolidated profit increased a whopping 43.7 percent
year-on-year to Rs 318.1 crore, partly driven by low base. In Q2FY16, profit
was impacted by exceptional item of Rs 77.51 crore.
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