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Sensex climbs 100 points ahead of macro data, Asian Paints rises over 5%

Sensex climbs 100 points ahead of macro data, Asian Paints rises over 5%
Highlights

At 10.45 am, the BSE Sensex went up 120.65 points or 0.34% to trade at 35,366.92, whereas the NSE Nifty was trading 0.36% or 38.45 points higher at 10,755.00 points.

At 10.45 am, the BSE Sensex went up 120.65 points or 0.34% to trade at 35,366.92, whereas the NSE Nifty was trading 0.36% or 38.45 points higher at 10,755.00 points.

The benchmark BSE Sensex rose over a hundred points in early trade on Friday, as investors looked forward to release of key macroeconomic data amid positive global cues.

Optimistic buying in blue-chip stocks ahead of industrial production and inflation data, to be released after market hours, drove stocks higher, brokers said.

The 30-share index went up 120.65 points or 0.34% to trade at 35,366.92. The gauge had lost 73.08 points in the previous session.

Sectoral indices led by oil and gas, IT, consumer durables, capital goods and FMCG turned green.

The NSE Nifty index also rose 0.36% or 38.45 points to 10,755.00 points at 10.45 am.

Major gainers were Asian Paints, Dr Reddy’s, L&T, ITC Ltd, TCS, Coal India, Infosys, Adani Ports, ICICI Bank, Kotak Bank, HDFC Ltd, NTPC, Wipro, Axis Bank and Maruti Suzuki, rising by up to 5.66%

Meanwhile, domestic institutional investors (DIIs) bought shares worth a net Rs 900.69 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 364.88 crore on Thursday, as per provisional data.

Globally, Asian markets were trading higher, tracking gains on Wall Street overnight.

Hong Kong’s Hang Seng rose 1.25% and Japan’s Nikkei was up 0.90% in their early trade. China’s main Shanghai Composite Index was flat.

The US Dow Jones Industrial Average ended 0.80% higher on Thursday.

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