Stock markets jump in early trade; Sensex gains 414 points, Nifty above 19,250 amid positive global cues
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Stock markets: Equity benchmark indices witnessed growth for the second consecutive day on Friday following a rally in global markets. In the early trade, the 30-share BSE Sensex jumped 414.06 points to 64,494.96 in early trade. The Nifty climbed 125.5 points to 19,258.75.
The rupee depreciated 4 paise to 83.26 against the US dollar in the morning session on Friday, tracking a strong American currency overseas and sustained foreign fund outflows.
Forex traders said a positive trend in domestic equities supported the local unit at lower levels and restricted the downside. At the interbank forex exchange, the rupee opened at 83.22 and then touched 83.26 against the American currency, registering a decline of 4 paise over its previous close.
More details to follow…
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