Equity Alert: Mkt extends gains, up 1%; key European mkts rise

[K.Karthik Raja]

Equity Alert: Mkt extends gains, up 1%; key European mkts rise
MUMBAI--1PM--Share indices extended gains mid-session after a flat
start as investors took comfort from the 1% rise in key European
markets.
Sensex was at 15578.36, up 182.54 points, or 1.2%. Nifty was at
4617.35,up 44.85 points, or 1%.
Bank shares were top gainers helped by robust Apr-Jun advance tax
numbers from State Bank of India, up over 3%, and ICICI Bank, up 2%.
Larsen & Toubro, up over 3%, and Oil & Natural Gas Corp, up over
2%, were other major gainers on Nifty.
Telecom shares were the worst hit on Nifty. Reliance
Communications and Bharti Airtel were down over 1% each.
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