Market witness buying, IT stocks rise the most

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Key Benchmark indices extended their uptrend in the afternoon session with the Nifty at 7,900. The Sensex is up 1145 points at 27,126 and the Nifty up by 299 points at 7,909 at 2.25-pm.

Britannia Industries, AdaniPorts, Hindustan Unilever, Bajaj Finance and Infosys were among top gainers in the Nifty while losers include Grasim, M&M, PowerGrid, ITC and BPCL.

All sectoral indices, except the Nifty realty, witnessed buying pressure with major gains in the Nifty IT, Pharma, Banking and Auto.

The Nifty IT index surged 7.10 percent at 11,973.15 led by MindTree, NIIT Tech, Infosys, Hexaware and HCL TEch. Watch latest stock market updates, from here.

Today, PM Narendra Modi tweeted that he will address the nation at 8-pm on the Covid-19 outbreak.

Besides, as per reports, the RBI on Monday said that it will inject more liquidity into the market, announcing long-term-repo operations of Rs.1.00-lakh-Cr that will be carried out in two tranches.

Crude Oil prices rose on expectation that the United states will reach a deal soon on a USD2 trillion Covid19 help package which could get sharpened the economic impact of the outbreak and in turn aid the oil demand.

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