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Markets surge on rally by IT stocks in initial trade

BNE News Desk


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Guwahati: The Indian equity markets began on a high note, rising about 200 points in early trade, led by a rally in information and technology sectors.

At 10 a.m., the 30-share Bombay Stock Exchange (BSE) was up 392 points to 54,513, while the Nifty was up 120 points to 16169.
The market's breadth was impressive. Tech Mahindra topped the gainers in IT equities, followed by Infosys.
The airline stocks were also trading in the green zone in response to rumours of price cuts for Aviation Turbine Fuel (ATF).
Meanwhile, the dollar finished at Rs 80.42 versus the rupee.
The majority of the major world markets ended higher.

BNE News Desk