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Sensex Rises Over 100 Points, Nifty Trades Above 10,350

The Sensex rose 123 points to 33,601.73 in early trade while the 50-scrip National Stock Exchange benchmark index added 37 points to 10,364.05, amid broad-based gains across sectors.
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The Sensex had scooped up 717.91 points in the previous four sessions (Representational image)
The Sensex had scooped up 717.91 points in the previous four sessions (Representational image)
Indian markets started Wednesday's session on a higher note with the Bombay Stock Exchange benchmark index, Sensex, gaining more than 100 points and the NSE Nifty trading above 10,350. The Sensex rose 123 points to 33,601.73 in early trade while the 50-scrip National Stock Exchange benchmark index added 37 points to 10,364.05, amid broad-based gains across sectors. Adani Ports, Mahindra & Mahindra, HDFC and TCS were among the top gainers on the Nifty in early morning deals - up between 1.2 per cent and 2.3 per cent.

Positive leads from Asia and another record closing on Wall Street set the stage for the day, market watchers said. Hong Kong's Hang Seng was up 1.05 per cent while Shanghai Composite rose 0.71 per cent. Japan's Nikkei too went up 0.78 per cent. The Dow Jones Industrial Average in the US ended 0.69 per cent higher overnight.

The 30-share index had scooped up 717.91 points in the previous four sessions.

The rupee was trading higher by 14 paise at 64.75 against the American currency in early deals on Wednesday. There was continued buying by domestic institutional investors as well as retailers, traders said.

A firming trend at other Asian markets, taking overnight cues from Wall Street where stocks rose to record highs, too accelerated buying activity in the domestic markets.

At 10:04 am, 19 stocks in the Nifty50 were trading in the positive zone. The BSE Sensex was trading 57.72 points, or 0.17 per cent, higher at 33,536.07while the NSE Nifty was up 7.90 points, or 0.07 per cent, at 10,334.80.

(With agency inputs)

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