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Sensex tad below 27000; Nifty up 1% on F&O Expiry

Stock Market Closing  : Equity benchmarks expanded rally further on Thursday, the NSE F&O expiry day. The Sensex was up 259.33 points or 0.97 per cent at 26999.72 and the Nifty up 83.75 points or 1.02 percent at 8287.75. The broader markets also gained 1%.

About 1605 shares advanced against 1010 declining shares on the Bombay Stock Exchange.

TCS, ICICI Bank, Axis Bank, Tata Motors and HDFC Bank were top five contributors to Sensex’s gains.

European markets rebounded after a weak start in morning trade.

3:10 pm Big voice on Brexit : The Brexit vote was a negative shock but the disaster no more simulate a ‘fait accomplih,’ GeorgeSoros said in a speech at the European Parliament on Thursday, as it has created “positive  impetus for a better and stronger Euro”.

He added that over four million people have petitioned Parliament to  grasp a 2nd referendum. “By the time the Parliamentary debate on this petition takes place, it is not belief that more user will have signed the petition than voted for Brexit,” Soros said.

Soros further added that while the well-known vote cannot be reversed, a signature collecting campaign could transform the political landscape for EU membership.

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