Sensex rangebound, Nifty50 tests 7,800

The S&P BSE Sensex surged over 100 points in morning trade, led by gains in HDFC, ICICI Bank, L&T, Tata Motors, Sun Pharma and RIL. The Nifty50 reclaimed its crucial psychological level of 7,800 supported by gains in realty, power, oil & gas, capital goods and metal stocks.
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