Indian equity benchmarks broke their four-day losing
streak on Thursday, Sensex jumped 427 points to settle at 55,320, following
heavy buying in index majors Reliance Industries, Bharti Airtel and Tech
Mahindra despite a weak trend overseas.

The BSE Sensex surged 427.79 points or 0.78% to close at
55,320.28. During the day, the benchmark touched a high of 55,366.84 and a low
of 54,507.41. The broader NSE Nifty advanced 121.85 points or 0.74% to settle
at 16,478.10.

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The broader indices ended in green with the BSE Mid cap
index up by 0.46%, while the Small cap index was up by 0.24%. On the sectoral
front, Telecom was up by 2.10%, Energy up by 2.03%, Oil & Gas up by 1.78%,
Healthcare up by 1.01% and TECK up by 0.99%, while Metal down by 1.66%, Basic
Materials down by 0.75% and Utilities down by 0.01% were the only losing
indices on BSE.

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Major gainers from the Sensex pack were Dr Reddy’s Labs
up by 3.00%, Reliance up by 2.73%, Bharti Airtel up by 2.01%, Sun Pharma up by
1.36%, Tech Mahindra up by 1.31%, Kotak Mahindra up by 1.09%, Wipro down by
0.99%, Infosys up by 0.98, ITC up by 0.97% and IndusInd Bank up by 0.78%.

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Among the losers were Tata Steel down by 3.81%, NTPC down
by 1.18%, UltraTech Cement down by 0.93%, Bajaj Finance down by 0.91%, SBI down
by 0.89% and Asian Paints down by 0.66%.

The rupee fell 8 paise to close at 77.76 against the US
dollar.

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Among Asian markets, Shanghai, Seoul and Hong Kong closed
lower, while Tokyo settled higher.

European stock markets were trading significantly lower
during the afternoon trade.

Brent crude, the international oil benchmark fell 0.13%
to USD 123.42 per barrel.

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According to stock exchange data, foreign institutional
investors remained net sellers as they offloaded shares worth Rs 2,484.25 crore
on Wednesday.