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Market Outlook:-
- The market has opened on a strong note Monday. The Sensex is up 174.69 points or 0.7 percent at 24892.68 and the Nifty is up 51.70 points or 0.7 percent at 7561.90. About 598 shares have advanced, 110 shares declined, and 36 shares are unchanged.
- Tata Motors, ICICI Bank, Hindalco, Adani Ports and Tata Steel are top gainers while Coal India, Bharti Airtel and BHEL are losers in the Sensex.
- The Indian rupee has opened higher by 5 paise at 66.99 per dollar against 67.04 on Friday.
- Asia markets traded higher, extending Friday's gains, as traders began to take a more positive view of the European Central Bank's (ECB) monetary policy decision last week.
- Shares of Coal India fell more than 8 percent after the stock adjusted for interim dividend.
- Labour Ministry will soon launch an investigation into the provident fund contributions made by Kingfisher Airlines for its employees when the carrier was functioning, Union Minister Bandaru Dattatreya has said.
- Equity benchmarks remained strong in morning trade following positive global cues. Banking & financials, FMCG, auto and oil stocks gained while Coal India topped selling list on Sensex, down 6.5 percent after adjustment for interim dividend .
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