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Sensex up over 200 points on rally led by Infosys, TCS

Equity benchmark indices opened higher on Thursday on rally led by Infosys, TCS, HCL Tech, and ITC. The Sensex was up 165 points at 38,298, and the Nifty50 index rose 49 points at 11,494. The market breadth was positive with 1,091 shares advancing, 466 shares declining, and 513 remaining unchanged on the NSE.

In the broader market, the BSE Midcap index was trading 60 points higher at 15,227, while the BSE Smallcap index was ruling at 14,845, up 66 points.

Volatility index India VIX was marginally up 0.48% at 17.13.

The Indian rupee opened 23 paise lower at 69.11 against the US dollar on Thursday amid weak global cues.

On the sectoral front, Nifty IT index surged 2%, with all the companies trading in the green. Realty, media, banking and FMCG stocks were trading higher in the range of 1-2% respectively.

Shares of Strides Pharma were trading slightly lower on the BSE in the morning trade. The company’s shareholders passed a resolution approving the divestment of the company’s Australia business.

HCL Tech, Adani Ports, Infosys, and TCS are trading higher, while ONGC, Dr Reddy’s, and Bharti Airtel are trading lower on the NSE.

The most active stocks on the NSE are Yes Bank, Gruh Finance, Infosys, TCS, and ICICI Prudential.

Meanwhile, Asian markets declined as the precipitous decline in developed-market sovereign bond yields continued to unnerve investors about the economic outlook.

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