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Sensex surges 279 points; Nifty ends above 11,250

MUMBAI: The BSE Sensex rebounded 279 issues while the NSE Nifty reclaimed the 11,250 level on Thursday, propelled by way of gains in IT and fiscal stocks amid blended world cues.

Both the key indices rallied in the remaining hour of industry after trading on a tepid notice thru most part of the day.

The 30-share BSE benchmark closed 278.60 issues, or 0.75 consistent with cent, upper at 37,393.48. It hit an intra-day high of 37,518.94 and a low of 37,052.30.

Similarly, the wider Nifty rose 100.10 issues, or 0.90 consistent with cent, to settle at 11,257.10. During the day, it hit a high of 11,281.55 and a low of 11,143.35.

Bajaj Finance was the largest gainer in the Sensex pack, spurting three.64 consistent with cent, after the company reported a bounce of 50 consistent with cent in standalone internet benefit at Rs 1,114 crore for the March quarter.

Tata Motors, Infosys, Vedanta, ONGC, PowerGrid, NPTC, Axis Bank, ICICI Bank, Kotak Bank, SBI, HDFC Bank, Tata Steel, TCS and RIL too rose as much as three.48 consistent with cent.

On the other hand, Yes Bank was the highest loser, cracking 4.07 consistent with cent, followed by way of Bharti Airtel, IndusInd Bank, Coal India, ITC, M&M, HDFC, Maruti and Asian Paints, shedding as much as 1.87 consistent with cent.

Foreign institutional buyers (FIIs) internet offered shares worth Rs 1,142.44 crore on Wednesday, while home institutional buyers (DIIs) bought equities to the tune of Rs 671.77 crore, provisional knowledge to be had with inventory exchanges confirmed.

Bourses in China, Japan and Korea ended on a blended notice after US slapped sanctions on Chinese telecom primary Huawei. European stocks opened in the red.

Meanwhile, the Indian rupee favored by way of 27 paise to 70.07 towards the United States dollar intra-day.

Global oil benchmark Brent crude was trading 0.56 consistent with cent upper at $72.17 consistent with barrel.

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