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Benchmark Indices Recover Amid Positive Global Trends

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Benchmark indices recovered in early trading on Thursday after falling from the previous day amid a largely positive trend in global markets.



The 30-stock Sensex climbed 329.15 points to 60,676.12 in early trading. The useful advanced 92.4 points to 18,096.15.

Among the Sensex package, Maruti, ICICI Bank, NTPC, Larsen & Toubro, Kotak Mahindra Bank and Mahindra & Mahindra were the top winners in initial trading.

IndusInd Bank, Tech Mahindra, infosys and Tata Steel were among those left behind.

Asian markets in Tokyo, Hong Kong and Seoul were in the green, while Shanghai was lower.

US stocks ended on a positive note on Wednesday.

The BSE The benchmark stood at 60,346.97, a loss of 224.11 points or 0.37 percent on Wednesday. The broader NSE Nifty closed 66.30 points or 0.37 percent lower at 18,003.75.

Meanwhile, the international oil benchmark Brent crude fell 0.09% to $94.02 a barrel.

Foreign institutional investors unloaded Rs 1,397.51 crore of domestic shares on Wednesday.

After Wednesday’s pullback, local stocks started positive, tracking the recovery in most Asian indices after an overnight rally in US markets, said Prashanth Tapse – Research Analyst, Senior VP (Research), Mehta Equities Ltd.

Intra-day markets may falter as the nervous theme could play into the background of the consensus that inflation is falling more slowly than expected, he added.

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