The Sensex rose 266 points in opening trade on Thursday, with advances in index mainstays RIL, Maruti, and ICICI Bank despite mixed global trends.

In early trade, the BSE benchmark Sensex was up 266.59 points at 53,293.56. The Nifty climbed 70.6 points to 15,869.70 on the NSE.

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The main gainers on the Sensex were Kotak Mahindra Bank, Tata Steel, Reliance Industries, Maruti Suzuki India, Axis Bank, and ICICI Bank. Among the laggards were Bajaj Finance, Hindustan Unilever, M&M, and ITC.

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Other Asian markets were lower in Tokyo and Seoul, while Shanghai and Hong Kong were up during mid-session trade. On Wednesday, the US markets closed on a mixed note.

On Wednesday, the Sensex fell 150.48 points, or 0.28%, to 53,026.97. The Nifty fell 51.10 points, or 0.32%, to 15,799.10.

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“The decline in FPI selling to Rs 851 crore yesterday from the June average of around Rs 2,700 crore also can be interpreted as early signs of selling exhaustion. Data will have to be watched to see whether this trend sustains,” said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

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According to exchange statistics, foreign institutional investors (FIIs) continued to be net sellers in the capital market on Wednesday, selling shares worth Rs 851.06 crore.

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Meanwhile, the international crude oil benchmark Brent crude rose 0.3% to USD 116.61 per barrel. The rupee rose 13 paise to 78.90 against the US dollar on Thursday, recovering from a record low.