The Sensex rose more than 113 points in early trade on Friday, despite mixed trends in global equities.

In early trading, the Sensex rose 113.2 points to 60,411.20. The Nifty gained 35.7 points to 17,992.20.

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Tech Mahindra, Kotak Mahindra Bank, Wipro, Tata Consultancy Services, Larsen & Toubro, HCL Technologies, Infosys, Titan, Sun Pharma, and UltraTech Cement were among the early Sensex gainers.

IndusInd Bank, Power Grid, ICICI Bank, NTPC, and State Bank of India, on the other hand, were among the worst performers.

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Balrampur Chini Mills and Delta Corp are the stocks/securities that have been placed on the National Stock Exchange’s futures and options (F&O) ban for trade on Friday, August 19, 2022.

Asian markets are trading mixed with Nikkei 225 slipping 11.05 points or 0.04% to 28,931.09, Straits Times declining 23.21 points or 0.71% to 3,250.27, KOSPI fell 5.89 points or 0.23% to 2,502.16 and Shanghai Composite was down by 0.41 points or 0.01% to 3,277.13. On the other hand, Hang Seng rose 97.52 points or 0.49% to 19,861.43, Taiwan Weighted added 41.92 points or 0.27% to 15,438.68 and Jakarta Composite was up by 12.94 points or 0.18% to 7,199.50.

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Wall Street markets finished higher on Thursday. The S&P 500 rose 9.70 points to 4,283.74, while the Dow added 18.72 points to 33,999.04. The Nasdaq gained 27.22 points to 12,965.34, and the Russell 2000 added 13.41 points to 2,000.73.

On Thursday, the Sensex finished 37.87 points, or 0.06%, higher at 60,298. The Nifty rose 12.25 points, or 0.07%, to 17,956.50.

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The foreign institutional investors (FIIs) sold shares worth a net Rs 1706 crore, while domestic institutional investors (DIIs) purchased shares worth a net Rs 470.79 crore in the Indian equity market on August 18, as per provisional data available on the NSE.  

“The market momentum which pushed the Nifty up by 18 per cent from the June lows is likely to face some headwinds from now on. The sudden sharp spike in the dollar index will impact capital flows to emerging markets like India. The consistent FII buying seen in August is likely to lose steam impacting sentiments,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

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Meanwhile, Brent crude, the international oil benchmark, was trading 0.38% lower at USD 96.21 per barrel. The rupee fell 12 paise to 79.76 against the US dollar in early trade on Friday, mirroring the strength of the US currency in the international market.