Indian equity benchmarks recovered all the previous session’s losses with a gap-up opening on Friday on strong global cues. Markets are trading firms in early deals with gains of over one and half a percent each on account of value buying after a recent fall.

In early trade, the Sensex was up 963.25 points, or 1.68%, at 58,198.58. The Nifty rose 266.35 points, or 1.57%, to 17,280.70.

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HCL Technologies led the Sensex pack in gainers, surging 4.11%, followed by Infosys up by 3.72%, Tech Mahindra up by 2.53%, HDFC Bank up by 2.29%, and Larsen & Toubro up by 2.24%. Infosys Limited reported an 11% rise in net profit for the September quarter.

The Sensex fell 390.58 points, or 0.68%, to 57,235.33 in the previous session. Similarly, the Nifty fell 109.25 points, or 0.64%, to settle at 17,014.35.

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Foreign institutional investors (FIIs) have sold shares worth a net of Rs 1,636.43 crore, whereas domestic institutional investors (DIIs) purchased shares worth a net of Rs 753.23 crore on October 13, as per provisional data available on the NSE.

Asian markets are trading mostly in green with the Nikkei 225 surging 920.77 points or 3.51% to 27,158.19, Straits Times rising 23.07 points or 0.76% to 3,063.52, Hang Seng jumping 571.46 points or 3.49% to 16,960.57, Taiwan Weighted soaring 383.73 points or 3.00% to 13,194.46, KOSPI advancing 56.30 points or 2.60% to 2,219.17 and Shanghai Composite up by 47.40 points or 1.57% to 3,063.76, while Jakarta Composite was down by 2.83 points or 0.04% to 6,877.80.

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Stocks on Wall Street concluded significantly higher on Thursday. The S&P 500 rose 92.88 points, or 2.60%, to 3,669.91. The Dow Jones Industrial Average rose 827.87 points, or 2.83%, to 30,038.72. The Nasdaq gained 232.05 points, or 2.23%, to 10,649.15. The Russell 2000 index of smaller companies jumped 40.65 points, or 2.41%, to 1,728.41.

Brent crude, the international standard for crude oil, was trading 0.13% down at USD 94.45 per barrel.

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The rupee began at 82.26 versus the US dollar before falling to 82.12, a 12-paise increase from the previous day, amid high volatility in early trade on Friday.