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Benchmark Nifty, which was consolidating in the range of 15,600-15,900 for the last couple of weeks, is set to cross 16,000 levels shortly, he said, adding that higher crude prices, spread of delta plus variant globally and weakening INR could be a near risk for markets.

Among stocks, Coal India moved up by 8 per cent to Rs 148.10 per share. Pharma majors Dr Reddy`s and Sun Pharma were up by 3 per cent and 2.7 per cent respectively.