Markets in a bull run; Sensex jumps 350 pts, Nifty above 18,100

Domestic benchmark indices in a fast rally during afternoon market session after a positive start on Monday.

On the sectoral front, Nifty Bank is trading in the green with super gains post strong Q3 results from top banks. Nifty Auto, IT, Pharma stocks further drive the index.

At around 2:00 PM, Sensex was trading at 60,983.04 higher by 361.27 points or 0.60%. Nifty 50 traded at 18,127.10 higher 99.45 points or 0.55%

Top Gainers on Nifty are UPL (+2%), Eicher Motors (+1.96%), HUL (+1.9%) supported by Tech Mahindra (+1.87%) and Infosys (+1.7%). Meanwhile, top losers on Nifty are Ultratech Cement (-3.9%), Grasim (-1.8%), NTPC (-1.2%), JSW Steel (-1%) and Adani Ports (-0.8%).

Furthermore, FMCG major Hindustan Unilever (HUL) shares recovered after its CEO said that hike in royalty payments to Unilever was justified and are in HUL’s interest. He further added that the company gets immense value from its parent and has a significant competitive advantage.

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