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Asian markets support Sensex, Nifty to close higher

Tracking higher Asian peers, Indian bourses erased Wednesday’s declines and closed Thursday’s trading session in the positive zone with Midcap…

Asian markets support Sensex, Nifty to close higher

(Getty Images)

Tracking higher Asian peers, Indian bourses erased Wednesday’s declines and closed Thursday’s trading session in the positive zone with Midcap and Small indices leading the rally.

The Sensex at the BSE closed 165 points or 0.56 per cent higher at 29,332 and the Nifty at the NSE ended 56 points or 0.62 per cent up at 9,086.

Broader markets outperformed the key benchmark indices. BSE Midcap and BSE Smallcap indices surged around 1 per cent each.

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All the BSE sectoral indices, except the FMCG index, closed in the positive territory with Oil & Gas index registering the biggest gain, up 1.2 per cent. FMCG index slipped 0.1 per cent.

Top gainers in the Sensex-30 pack: Tata Motors (up 2.4 per cent), Gail (up 2.4 per cent), NTPC (up 2 per cent), Wipro (up 1.7 per cent) and Hero Motocorp (up 1.5 per cent).

Top losers in the Sensex-30 pack: ITC (down 0.8 per cent), TCS (down 0.8 per cent), HUL (down 0.5 per cent), HDFC Bank (down 0.4 per cent) and Bharti Airtel (down 0.4 per cent).

All the Asian markets traded in the positive zone. Japan’s Nikkei 225 and Korea’s KOSPI jumped around 0.2 per cent each, Singapore’s Straits Times Index climbed 0.3 per cent, and China’s Shanghai Composite and Hong Kong’s Hang Seng surged around 0.1 per cent each.

European markets were trading with mixed moves, CAC 40 and FTSE 100 indices lost around 0.2 per cent but DAX index surged 0.2 per cent.

Back home, the Rupee was trading three paise down at 65.47 against the US Dollar.

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