The Sensex and Nifty opened higher on Monday, aided by robust buying in IT stocks amid a mixed trend in Asian markets. The BSE benchmark Sensex rose 309.91 points to 55,860.21 for the fifth day in a row. Similarly, the NSE Nifty gained 72.1 points to 16,702.55.

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The main gainers in the 30-share Sensex group were Infosys, HDFC Bank, Tech Mahindra, Wipro, and State Bank of India. Hindustan Unilever Limited, Mahindra & Mahindra, Bajaj Finance, and Dr Reddy’s Laboratories, on the other hand, were among the laggards.

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The 30-share BSE Sensex closed 85.91 points, or 0.15% higher, at 55,550.30 on Friday. The broader NSE Nifty rose 35.55 points, or 0.21%, to 16,630.45.

During the mid-session trades, Hong Kong and Shanghai bourses were trading down, while Tokyo bourses were trading higher. On Friday, stock markets in the United States finished lower.

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“As the new week starts investor sentiments will again shift towards the ongoing tussle between Ukraine and Russia,” said Mohit Nigam, Head – PMS, Hem Securities.

V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said, “The most important event this week from the market perspective would be the outcome of the Fed meet expected on Wednesday”.

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According to exchange statistics, foreign institutional investors maintained their selling binge in Indian markets on Friday, offloading shares worth Rs 2,263.90 crore on a net basis.

Meanwhile, the international oil benchmark Brent crude fell 2.73% to USD 109.7 per barrel. In early trade, the rupee falls 18 paise to 76.62 against the US dollar.