Sensex, Nifty marginally higher; ITC, Tech Mahindra fall 2%

The market remained marginally higher in noon trade while the broader markets outperformed benchmarks. The Sensex rose 66.16 points to 23775.31 and the Nifty advanced 17 points to 7227.75. Experts expect the market to remain volatile ahead of expiry of February derivative contracts due on Thursday and Union Budget that is scheduled to be on February 29.

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HUL, Sun Pharma, Reliance Industries, Bharti Airtel, ONGC, Bosch, Zee Entertainment and UltraTech Cement gained 1.5-3.5 percent while ITC, Wipro, Adani Ports, Maruti Suzuki, Tech Mahindra and Vedanta fell 1-2 percent.

JSW Steel gained nearly 2 percent as the company re-commissioned blast furnaces at its Viiayanagar and Salem Works plants. These plants were shut down in August and November 2015, respectively.

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The market remained marginally higher in noon trade while the broader markets outperformed benchmarks. The Sensex rose 66.16 points to 23775.31 and the Nifty advanced 17 points to 7227.75. Experts expect the market to remain volatile ahead of expiry of February derivative contracts due on Thursday and Union Budget that is scheduled to be on February 29.

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