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Indian benchmark indices post strong gains on Monday

| | Aug 09, 2016, at 12:28 am
Mumbai, Aug 8 (IBNS): The Indian stock market posted gains for the second consecutive session on Monday, with Sensex up 104.22 points to 28,182.57 and Nifty up 28.20 points to 8,711.35, on the back of consistent inflow of foreign money and positive global cues, according to media reports.

The US jobs data, released over the weekend, has raised expectations that US economic growth is likely to move upwards, the media reported.

The passing of the GST Bill in the monsoon session of the Parliament and the overall consensus over the Bill also boosted the market's mood.

On Monday, key gainers included Adani Ports, HDFC, Reliance Industries, Dr Reddy's, Britannia Industries and Lupin while some of the key losers were Bharti Airtel, NTPC, Sun Pharma, ITC, Tata Motors and ICICI Bank.

 

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