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DAILY MARKET REPORT

Date 26.07.2017

Market registered modest gains on positive global cues. The Nifty closed above the psychologically important 10,000-mark for the first time. Both the Sensex, and the Nifty, hit record high in the intraday as well as on the closing basis. Key indices opened the session with small gains amid initial volatility. Later, indices hovered in green with small to modest gains. Key indices extended intraday gains towards the late trade to hit fresh record highs. The Sensex ended up 154 points at 32,382 and the Nifty ended up 56 points at 10021.

Overseas, European stocks edged higher helped by gains in the energy sector due to a rally in oil prices, while investors awaited the Federal Reserve's policy decision due later in the day.

Most Asian stocks edged higher tracking gains on Wall Street overnight.

US equities closed higher yesterday, 25 July 2017, after a slew of major companies reported better-than-expected quarterly results. Wall Street had also set its sights on the Federal Reserve, as the central bank kicked off a two-day monetary policy meeting yesterday, 25 July 2017.

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