Equities held on to their late gains, with both the
Sensex and Nifty closing above key 28,000 and 8,400 marks.
At close, the Nifty rose 0.22 percent, or 19 points, to
8,401 while the Sensex gained 0.12 percent, or 34 points, to 28,067.
Early in the day, high beta shares edged lower, but
several sectors such as banks and oil & gas staged a smart recovery to
close in the green. Metals and capital goods, though, closed 0.8 percent lower.
But the best performers of the day were IT and
pharma, both helped by a depreciation in the rupee. Cipla jumped 3.2 percent
after announcing it had tied up with Serum Institute of India to launch
vaccines in Europe. 
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