The Sensex rose more than 500 points in opening trade on Friday, with advances in index heavyweights Titan, Wipro, and Infosys amid a strong trend in global markets. In early trade, the Sensex rose 520.85 points to 59,295.57. Similarly, the Nifty gained 163.4 points to 17,685.85.

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Titan, Tech Mahindra, Mahindra & Mahindra, Tata Steel, Kotak Mahindra Bank, Wipro, Infosys, and Axis Bank were among the top gains on the Sensex. Bharti Airtel and Nestle, on the other hand, were laggards.

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RBL Bank is the stock/security that has been placed on the National Stock Exchange’s futures and options (F&O) ban for trade on Friday, August 26, 2022.

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Asian markets are trading mostly in green with Nikkei 225 surging 209.66 points or 0.74% to 28,688.67, Straits Times rising 12.96 points or 0.40% to 3,260.76, Hang Seng jumped 134.44 points or 0.67% to 20,102.82, Taiwan Weighted advanced 125.65 points or 0.83% to 15,325.69, KOSPI added 12.25 points or 0.49% to 2,489.51 and Shanghai Composite was up by 2.79 points or 0.09% to 3,249.04, while Jakarta Composite was down by 4.83 points or 0.07% to 7,169.38.

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Wall Street had ended with gains on Thursday. The S&P 500 rose 58.35 points, or 1.4%, to 4,199.12. The Dow Jones Industrial Average increased by 322.55, or 1%, to 33,291.78, while the Nasdaq Composite increased by 207.74, or 1.7%, to 12,639.27. The Russell 2000 index of smaller companies rose 29.35 points, or 1.5%, to 1,964.64.

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“Intra-day markets could remain volatile as investors are likely to maintain caution ahead of the Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole symposium,” said Prashanth Tapse – Research Analyst, Senior VP (Research), Mehta Equities Limited.

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On Thursday, the Sensex fell 310.71 points, or 0.53%, to 58,774.72. The Nifty lost 82.50 points, or 0.47%, to 17,522.45.

The foreign institutional investors (FIIs) bought shares worth a net Rs 369.06 crore, while domestic institutional investors (DIIs) sold shares worth a net Rs 334.31 crore in the Indian equity market on August 25, as per provisional data available on the NSE.  

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Separately, Brent crude, the international oil benchmark, rose 0.78% to USD 100.11 a barrel. The rupee rose 6 paise to 79.86 against the dollar in early trade on Friday, supported by foreign capital inflows and a robust trend in local markets.