Defensive and high-yield financial sectors spearheaded the afternoon market surge. Nifty FMCG surged nearly 1.6%, anchored by strong accumulation in ITC (+2.38%). Concurrently, Nifty PSU Bank added 1.4%, backed by gains in State Bank of India (+2.42%), alongside life insurance majors HDFC Life (+2.73%) and SBI Life (+2.65%).
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