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Stock Analysis, IPO, Mutual Funds, Bonds & More

Sensex jumps over 50 pts, Nifty50 nears 11,100; DHFL up 2%

NEW DELHI: Domestic stock benchmarks Sensex and Nifty traded in the positive terrain in early trade Thursday as investor sentiment got a boost after India raised import duty on 19 products in an attempt to strengthen the Indian rupee.

India raised import duty on a range of items including air-conditioners, refrigerators, washing machines, footwear, jewellery, furniture fittings and tableware besides imposing it on aviation turbine fuel (ATF) as the government seeks to rein in the current account deficit and shore up the rupee.

The rupee on Thursday opened 20 paise higher at 72.41 against dollar.

The US Federal Reserve, overnight, hiked rates by 25 basis points which was much along the expected lines.

The 30-share Sensex was 61 points, or 0.17 per cent, up at 36,603, while Nifty was 19 points, or 0.17 per cent, up at 11,072 around 9:26 am.

Among the 50 stocks in the Nifty pack, 31 were in the green zone and 19 in the red.

In the Sensex kitty of stocks, 22 were trading with gains.

Asian Paints, Tata Motors, YES Bank, Adani Ports, Wipro and NTPC were among the top gainers in the Sensex index.

HDFC twins, Mahindra & Mahindra, Bharti Airtel, ITC and IndusInd Bank were among the top Sensex losers.
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