On Monday, the Indian equities market began the year 2022 on a bullish note, with the benchmark BSE Sensex surging roughly 340 points in the opening session due to frantic buying in IT and power stocks.

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Starting the session boldly, the BSE Sensex extended its gains as the morning trade proceeded, and it was trading at 58,593.26, up 339.44 points or 0.58%. Similarly, the NSE Nifty surged 108.90 points, or 0.63%, to 17,462.95 in early trade.

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TCS, Maruti, HCL Tech, L&T, Tech Mahindra, and Wipro were among the top gainers on the Sensex. In contrast, IndusInd Bank, M&M, Titan, Dr Reddy’s and HUL were trading in the red.

Sectorally, the BSE auto, IT, and pharma indices were all up significantly.

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On Friday, the Indian equities market closed the year 2021 on a strong note. 

The Sensex concluded 459.50 points or 0.80% higher at 58,253.82 on the final trading day of 2021, while the Nifty ended 150.10 points or 0.87% higher at 17,354.05.

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According to stock exchange statistics, foreign institutional investors (FIIs) were net purchasers in the capital market on Friday, purchasing shares worth Rs 575.39 crore.

On the first trading day of 2022, bourses in Asia received varied reactions from participants.

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Meanwhile, Brent crude, the international oil standard, increased 0.69% to USD 78.24 per barrel. Rupee slips 6 paise to 74.35 against the US dollar in early trade on the first trading session of 2022.