Sensex, Nifty Extend Morning Gains; IT, FMCG and Media Shares Lead Advance

Indian benchmark indices traded higher on Friday morning, with the Sensex climbing more than 400 points and the Nifty holding firmly above the 23,800 mark. Strong buying interest in IT, media, pharma, and FMCG stocks supported the rally, while oil & gas and PSU banking shares continued to face selling pressure. the Sensex had advanced 406.55 points, or 0.54%, to 75,805.27, whereas the Nifty gained 134.15 points, or 0.57%, to reach 23,823.75. Market sentiment stayed upbeat, with 1,777 stocks moving higher compared to 1,529 declining shares. Among sectoral indices, Nifty IT surged over 2%, while media and pharma counters also witnessed healthy gains. On the other hand, Nifty Oil & Gas and PSU Bank indices traded in negative territory. Midcap stocks posted moderate gains, whereas smallcap shares remained mostly unchanged. Nifty Top 5 Gainers

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