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Sensex hits 27000; Nifty above 8250; Axis, Bajaj Auto lead

The market extended uptrend in early trade Friday, tracking positive global cues. The Nifty reclaimed 8250 level for the first time since October 26, 2015, aided by banking & financials, auto and select technology stocks.

The 30-share BSE Sensex rose 134.09 points to 26977.23 and the 50-share NSE Nifty climbed 35.15 points to 8254.10.

Axis Bank surged 2.4 percent followed by Tech Mahindra, Tata Motors, Mahindra & Mahindra, Coal India and Tata Steel with more than 1 percent upside. However, Bharti Airtel plunged 2 percent.

The Indian rupee opened higher by 6 paise at 67.23 per dollar today against previous close of 67.29.

The dollar fell to its lowest against the yen in more than two weeks, weighed down by uncertainty over whether the US Federal Reserve will raise interest rates this summer and a loss of risk appetite from investors as oil and global equities wavered.

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