Mumbai: Equity benchmark BSE Sensex rallied over 400 points on Friday following positive cues from global markets on hopes of a trade deal between the US and China.
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The 30-share index was trading 414.38 points, or 1.09 per cent, higher at 38,294.78 at 0940 hours. Similarly, the broader NSE Nifty jumped 116.15 points, or 1.03 per cent, to 11,350.70. Tech Mahindra, Bharti Airtel, RIL and Sun Pharma were the other losers on the index, dropping up to 1 per cent.
In the previous session, the BSE barometer ended 297.55 points, or 0.78 per cent, lower at 37,880.40, and the Nifty fell 78.75 points, or 0.70 per cent, to close at 11,234.55. The rupee, meanwhile, appreciated 15 paise against its previous close to trade at 70.92 in early session.
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Brent futures, the global oil benchmark, rose 0.42 per cent to USD 59.35 per barrel.(PTI)
