Corporate earnings, fall in COVID cases to provide impetus to bourses

Corporate earnings, fall in COVID cases to provide impetus to bourses
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Benchmark indices extended the gains after the Reserve Bank of India's (RBI) announcements which were directed mostly towards COVID-impacted sectors, ample liquidity and softening of yields.
The benchmark Sensex closed up 0.88 percent and Nifty 50 ended up 0.84 percent from Tuesday’s closing. Markets have held the support level of 14,500 in Nifty 50. Trading above this level is positive and could lead to 14,800-15,000 zone in near-term. Strong buying interest is seen across IT, pharma and financial sectors with Sun Pharma, UPL, Axis Bank among the top gainers in Nifty 50. Adani Ports, Bajaj Finance, SBI Life Insurance and Asian paints saw some losses.

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