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Markets gain ahead of European Union Summit-news22052012


The Indian markets start the session with good gains on the back of positive global cues. Buying is seen in all the sectors, with auto, capital good, consumer durables being the major gainers.


Looking towards currency, Indian rupee recovered from record low to trade at 54.75 to the dollar, up 28 paise. The rupee had closed at all-time low of 55.03 a dollar yesterday (May 21, 2012).

Asia stock market surged today, tracking overnight gains in the US, with many indexes up 1% or more as resource and tech shares helped lead the advance.

All the sectors are trading in green barring BSE HC dipped by 0.18%. The topmost losers are - BSE Auto up by 1.15%, BSE CD up by 0.94% and BSE CG up by 0.83%.

Among the 30 Sensex stocks are in green except Sun Pharma down by 1.19%. The topmost gainers are - Tata Motors up by 1.91%, BHEL up by 1.72% and ICICI Bank up by 1.23%.
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