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Nifty above 10700 marks, Sensex up 153 points; IT, Teck stocks up

Pinnacle Financial Services, Indian Share MarketThe BSE Sensex was trading up by over 150 points aided by IT, Teck, banking stocks amid weak Asian cues. Strong gains in the rupee also boosted the market sentiment. The rupee regained sharply by 25 paise to hit a high of 63.78 v/s the US dollar in early trade, however, it opened down by 3 paise today.
BSE Sensex traded was up by 127.71 points, to 34,898.76, while the NSE Nifty-50 rose 32.15 points, to 10,732.60 in later hours.
Shares of banks rose tracking gains in govt bond prices. The Ten-year bond rose after the govt cut its additional borrowing needs for 2017-18 to Rs. 20,000 cr from Rs 50,000cr earlier.
Shares of Gravita India  gained 2% after the company won an order worth Rs. 250 crore from Luminous Power, while shares of Hatsun Agro plunged after the company reported a 53 percent in its Oct-Dec net profit to Rs. 15.00 crore.
Shares of Infosys, TCS, Adani Ports, ICICI Bank and Axis Bank were the top gainers on Nifty50 whereas GAIL India, Wipro, Zee Entertainment, Tata Motors and Hero MotoCorp were the top losers in today’s trade.