Indian equity benchmarks Sensex and Nifty rose by nearly 1%
on Friday, extending gains for a second day amid buying in banking, financials,
and energy stocks in line with firm global trends.

The BSE Sensex surged 462.26 or 0.88% to settle at
52,727.98. During the day, it jumped 644.15 points or 1.235 to 52,909.87. The
Nifty rallied 142.60 points or 0.92% to settle at 15,699.25. Sensex and Nifty
rebounded nearly 1% on Thursday.

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The broader indices ended in green with the BSE Mid cap
index surging by 1.53%, while the Small cap index was up by 1.60%. On the
sectoral front, Telecom was up by 2.53%, Auto up by 1.98%, Utilities up by
1.76%, Power up by 1.73% and Consumer Disc was up by 1.68%, while IT down by
0.59% and TECK down by 0.23% were the only losing indices on BSE.

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Major gainers from the Sensex pack were M&M up by
4.28%, IndusInd Bank up by 2.59%, Bajaj Finance up by 2.58%, Hindustan Unilever
up by 2.30%, ICICI Bank up by 2.02%, Bharti Airtel up by 1.72%, Reliance up by
1.47%, Tata Steel up by 1.42%, Nestle up by 1.32% and HDFC Bank up by 1.27%.

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Among the losers were Tech Mahindra down by 1.03%, Infosys
down by 0.77%, HCL Tech down by 0.50%, TCS down by 0.49%, Wipro down by 0.16%,
Sun Pharma down by 0.07%, and Larsen down by 0.04%.

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The rupee fell 1 paisa to close at its all-time low of
78.33 against the US dollar.

In Asian markets, Tokyo, Seoul, Hong Kong, and Shanghai
closed with sharp gains.

European stock markets were also trading in the green
during mid-session deals.

The US markets had settled with gains on Thursday.

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“Mirroring a firm trend in the global market and
response to declining commodity prices, the domestic market maintained its
positive trend. The up-move was supported by broad-based buying except in
IT,” said Vinod Nair, Head of Research at Geojit Financial Services.

Brent crude, the international oil benchmark rose by 1.115
to USD 111.27 per barrel.

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According to the stock exchange, foreign institutional
investors remained net sellers in the capital market, as they sold shares worth
Rs 2,319.06 crore on Thursday.