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The S&P BSE Sensex surged over 200 points in morning trade on Thursday, to reclaim its crucial psychological level of 26000, led by gains in ICICI Bank, SBI, HDFC, Axis Bank and Tata Motors.The Nifty50 reclaimed its crucial psychological level of 7,950 and was trading just below its crucial level of 8000 supported by gains in realty, consumer durable, metal, oil & gas, and banks, and auto stocks.
IT services firm Wipro falls as much as 6.3 pct, its biggest intra-day pct fall in eight months.Reports on Wednesday a fall of 1.6 pct in Jan-March net profit at 22.35 bln rupees, missing analysts' estimates.Performance was weak due to continued challenges in select financial services accounts and weak energy and utilities vertical - Kotak Securities
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