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Sensex, Nifty set to rise for 6th session in a row led by gains in Tech Mahindra
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HDFC Bank, Reliance Industries and IT stocks.
The BSE Sensex was trading 87 points or 0.12% higher at 74,424. Nifty50 was trading at 22,598, up 28 points or 0.12% at around 9.23 am.
Tech Mahindra emerged as the top gainer in the Sensex pack, surging 10% after the firm's Q4 net profit jumped 29.51% year-on-year (YoY) to Rs 661 crore. Joining the upward trend were — Tata Steel, Wipro, JSW Steel, ITC, and HDFC Bank, which also opened higher.
Conversely, Bajaj Finance, Bajaj Finserv, M&M, Nestle India, and ICICI Bank opened lower, tempering early market sentiment.
Bajaj Finance fell over 6% in early trade despite the NBFC firm posted higher-than-expected quarterly profits.
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