The Sensex and Nifty indices began the day on a high note, with investors showing a keen interest in telecom, power, and energy stocks.

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In early trade, the BSE Sensex was up 187.89 points, or 0.32%, at 58,852.22, while the NSE Nifty was up 59.85 points, or 0.34%, at 17,563.20.

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Bharti Airtel, PowerGrid, NTPC, Sun Pharma, and Reliance Industries were among the top gainers on the Sensex, jumping as high as 2.04%. On the other hand, Bajaj FinServ, Tech Mahindra, Maruti, Asian Paints, and Infosys were among the major laggards.

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According to analysts, the telecom sector is in focus since the sector’s giants have begun to raise rates, which would increase profitability.

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The BSE Sensex closed 198.44 points, or 0.34%, higher at 58,664.33, while the NSE Nifty gained 86.80 points, or 0.50%, to 17,503.35.

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Other Asian stock markets were trading with moderate to severe losses, mirroring a rise in US bond rates and volatility in global crude oil prices as a result of price-cooling attempts by the US and other countries.

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Foreign institutional investors continued to offload shares on Tuesday, selling shares worth Rs 4,477.06 crore on a net basis.

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Brent crude futures, the international benchmark for crude oil, climbed 0.15% to USD 82.30 per barrel. Rupee slips 12 paise to 74.54 against US dollar in early trade.

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