Bse Sensex Gains 260 Pts; Icici Bank, Tata Motors Surge 3%

[PraniShah]

The market extended gains in morning trade as the Sensex is up 294.29 points or 1.46 percent at 20488.69, and the Nifty is up 88.10 points or 1.47 percent at 6077.70. About three shares advanced for every share declining on the BSE.

Axis Bank is the leader among Nifty 50 gainers, rallying nearly 6 percent followed by ICICI Bank and IndusInd Bank with 3.7 percent gains. However, Coal India plunged 2.5 percent post second quarter earnings.

Consolidated net profit of the state-run coal mining company fell marginally to Rs 3,052.36 crore for the July-September quarter from Rs 3,078.08 crore in a year ago period, impacted by higher expenses.

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