Indian equity indices rose in opening trade on Thursday, with the Sensex gaining 567.86 points as global stock markets recovered. After a strong start, the Sensex surged 567.86 points to 57,166.14.  Similarly, the Nifty jumped 167.45 points to 17,026.05.

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Tata Steel, ITC, IndusInd Bank, NTPC, Axis Bank, Sun Pharma, Mahindra & Mahindra, and State Bank of India were among the early Sensex gainers. Laggards included Asian Paints and Maruti Suzuki India.

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Vodafone Idea has been placed under the F&O ban for September 29. Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.

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Asian markets are trading mostly in green with Nikkei 225 climbing 189.48 points or 0.72% to 26,363.46, Straits Times advancing 31.56 points or 1.01% to 3,147.87, Hang Seng bounced 191.23 points or 1.11% to 17,442.11, Taiwan Weighted rose 74.90 points or 0.56% to 13,540.97, KOSPI added 28.92 points or 1.33% to 2,198.21 and Shanghai Composite was up by 8.26 points or 0.27% to 3,053.33, while Jakarta Composite was down by 15.88 points or 0.22% to 7,061.15.

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The US markets also recovered on Wednesday and ended higher. The S&P 500 increased 71.75 points, or 2%, to 3,719.04. The Dow Jones Industrial Average advanced 548.75 points, or 1.9%, to 29,683.74. The Nasdaq climbed 222.13 points, or 2.1%, to 11,051.64. The Russell 2000 index of smaller companies gained 52.73 points, or 3.2%, to 1,715.24.

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“US markets ended higher on Wednesday following a sell-off in the past few sessions. European markets also closed in the green. All the major Asian markets are trading positive in early Thursday trade,” said Mohit Nigam, Head – PMS, Hem Securities. Volatility may remain at elevated levels in Indian markets on account of monthly expiry, he added.

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On Wednesday, the Sensex slid 509.24 points, or 0.89%, to 56,598.28. The Nifty fell 148.80 points, or 0.87%, to 16,858.60.

Foreign institutional investors (FIIs) have sold shares worth a net Rs 2772.49 crore, whereas domestic institutional investors (DIIs) purchased shares worth a net Rs 2544.17 crore on September 28, as per provisional data available on the NSE.

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Meanwhile, the international crude oil benchmark Brent crude fell 0.45% to USD 88.92 a barrel. The rupee rose 35 paise to 81.58 against the dollar in opening trade on Thursday, as the US currency fell from recent highs.