IT, bank stocks power Sensex 300 points higher, Nifty near 25,900

Reliance Industries, IT, and banking stocks.

The BSE Sensex was trading 328 points, or 0.39%, higher at 84,6028. The Nifty50 was up 85 points, or 0.33%, trading at 25,895 around 9:19 am.

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HDFC Bank, Infosys, L&T, ICICI Bank, Reliance Industries, Axis Bank, and Tech Mahindra were the top contributors to the Sensex's rise, while Asian Paints, JSW Steel, Bajaj Finance, Tata Steel, and HUL opened with losses.

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On the domestic front, auto stocks surged up to 1.6% ahead of the release of monthly sales data later in the day. Ashok Leyland was the top gainer in the Nifty Auto index.

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More to come...

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