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Nifty above 10,850 mark; Titan, Yes Bank stocks lead

The Nifty50 has begun the January series above the 10,800 mark, up ~68 points in opening trade, while the Sensex jumped 227 points to 36,035.
Equity benchmark indices opened higher on Friday tracking global cues. The Nifty50 has begun the January series above the 10,873 mark, up over 94 points in opening trade, while the Sensex jumped 329 points to 36,136.

The rupee rebounded by 30 paise to open at 70.05 against the US dollar.

The market breadth is positive as 882 shares advanced, while 263 shares declined, and 64 shares remained unchanged.

Asian PaintsVedantaTitan and Yes Bank gained in today’s morning session, while Coal IndiaONGC and BPCL lost the most.

Mid and smallcap shares rose broadly in line with their larger peers as the BSE MidCap and BSE SmallCap Indices rose 0.45% each.

Shares of Lemon Tree jumped 8% after it entered into a joint venture with Warburg Pincus. 

On the sectoral front, all sectors except metals are trading in the green, with maximum gains visible among banks, pharmaceuticals, and automobiles stocks.

Asian stock markets were trading mixed on Friday after a volatile session in global financial markets failed to boost confidence. 

Meanwhile, oil rebounded by as much as 3% after rising US crude inventories pushed prices lower in the previous session -- underscoring concerns that a supply glut will continue to weigh on the market.

US stocks roared back to end in the positive territory on Thursday, with the Dow rising 1.14%, after suffering steep losses for most of the session.

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