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Share Market News Live: Sensex up 250 points, Nifty at 13,670; SBI, HDFC twins, ONGC, Axis Bank top gainers


Share Market Highlights: Sensex closes at record high, Nifty at 13,749; ONGC, RIL, Sun Pharma top gainers
December 24,2020 16:04 IST
Sensex, Nifty Highlights on December 24:  Market indices rose sharply and closed 1.1% higher each on Thursday, tracking gains in index majors, amid positive cues from global equities
 
ACC, Ambuja jump up to 10%
Shares of Ambuja Cements rallied 9.96 per cent in intraday trade to Rs 261 apiece on the Bombay Stock Exchange after the companies received board nod for renewal of technology fees agreement with their parent company, Holcim Ltd. The stock was trading near its 52-week high of Rs 271.95 touched on November 17, 2020.  
The companies pay TKH fees @ 1 per cent of net sales each year, to HTL, for a period of 2 years w.e.f. January 01, 2021 on the same terms as the present TKH agreement, ACC and Ambuja said in a separate regulatory filing. ....

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Indices near day's high; broader market rallies


Barometers were trading near the day s high in morning trade. The Nifty scaled the 13,500 mark. All the sectoral indices on the NSE were in the green. Auto, IT and pharma stocks were in demand.
At 10:23 IST, the barometer index, the S&P BSE Sensex, was up 196.18 points or 0.43% at 46,202.80. The Nifty 50 index rose 61.45 points or 0.46% at 13,527.75.
The broader market outperformed the benchmarks. The S&P BSE Mid-Cap index added 1.35% while the S&P BSE Small-Cap index rallied 1.96%.
The market breadth was strong. On the BSE, 1874 shares rose and 547 shares fell. A total of 93 shares were unchanged.
COVID-19 Update:
Total COVID-19 confirmed cases worldwide stood at 7,79,58,369 with 17,15,945 deaths. ....

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