The equity indices rose in opening trade on Friday after dipping the day before on the back of mixed global market patterns. In early trade, the Sensex rose 342.07 points to 59,108.66. Likewise, the Nifty climbed 101.05 points to 17,643.85.

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NTPC, ITC, Bajaj Finance, Kotak Mahindra Bank, Larsen & Toubro, Titan, Mahindra & Mahindra, and Asian Paints were among the Sensex pack gainers in early trade. Among the losers were Tata Steel, IndusInd Bank, Reliance Industries, HDFC, UltraTech Cement, and Bajaj Finserv.

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Asian markets are trading mixed with Nikkei 225 falling 7.56 points or 0.03% to 27,653.91, Straits Times slipped 10.95 points or 0.34% to 3,213.13, Hang Seng lost 124.19 points or 0.63% to 19,473.12 and Taiwan Weighted was down by 63.85 points or 0.43% to 14,738.01. On the other hand, KOSPI added 2.46 points or 0.10% to 2,418.07 and Jakarta Composite rose 29.55 points or 0.41% to 7,182.65, Shanghai Composite was up by 8.92 points or 0.28% to 3,193.90.

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The US markets had ended mostly higher on Thursday. The S&P 500 rose 11.85 points, or 0.3%, to 3,966.85. The Dow Jones Industrial Average rose 145.99 points, or 0.5%, to 31,656.42. The Nasdaq fell 31.08 points, or 0.3%, to 11,785.13. The Russell 2000 index of smaller companies fell 21.30 points, or 1.2%, to 1,822.82.

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On Thursday, the Sensex lost 770.48 points, or 1.29%, to 58,766.59. The Nifty fell 216.50 points, or 1.22%, to 17,542.80.

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The foreign institutional investors (FIIs) sold shares worth a net Rs 2290.31 crore, while domestic institutional investors (DIIs) purchased shares worth a net Rs 951.13 crore in the Indian equity market on September 1, as per provisional data available on the NSE.  

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Meanwhile, Brent crude, the international oil benchmark, rose 1.87% to USD 94.09 a barrel. The rupee fell 14 paise to 79.70 against the dollar in early trade on Friday, driven down by the American currency’s surge in the international market.