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Stock Market: Sensex surges 200 points in early trade; Nifty crosses 11,700 mark

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Sensex gained up to 200 points in early trade on Friday due to buying in shares of companies like Reliance Industries, TCS and HCL Tech amid positive signals from US stock markets. Sensex, a 30-share sensitive index of the BSE, was trading at 39,952.53 points, up 202.68 points, or 0.51 per cent, on Sensex. Similarly, NSE Nifty was trading at 11,734.80 points with a gain of 64 points or 0.55 per cent.




By the time the news was written on Sensex, NTPC shares were seeing the highest increase of 2.14 percent. Apart from this, shares of HCL Tech rose 2.13 percent and Nestle India shares rose 2.12 percent. Apart from these, shares of UltraTech Cement, ONGC, Tech Mahindra, Reliance, ITC, Bajaj Auto, SBI, HDFC Bank, Mahindra & Mahindra, HDFC, Infosys, Asian Paint, Titan, Tata Steel, IndusInd Bank, Bajaj FinServ and Larsen & Toubro. Trading was done with green mark.

Also Read: The stock market closed down, the Sensex lost 172 points, the Nifty fell below 11,700

However, ICICI Bank, Bharti Airtel, Kotak Mahindra Bank, Hindustan Unilever Limited, PowerGrid, Maruti and Bajaj Finance were trading with red marks in contrast.

In the previous session, the Sensex had lost 172.61 points, or 0.43 per cent, to close at the level of 39,749.85. At the same time, NSE Nifty lost 58.80 points, or 0.50 per cent, to close at the level of 11,670.80.

According to provisional data of the stock market, foreign institutional investors sold shares worth Rs 420.95 crore on a net basis on Thursday.

 

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