Market opens Equity benchmarks have opened around quarter of a percent higher. The Nifty is well above 10,600-mark, while the Sensex has risen nearly 100 points.
Among sectors, there is strength visible in the pharmaceutical names along with IT and automobile names. Meanwhile, metal stocks are mildly under pressure. In the broader markets, the Nifty Midcap index is trading flat.
The Sensex is up 95.98 points or 0.27% at 35356.52, and the Nifty up 21.10 points or 0.20% at 10637.80. The market breadth is positive as 304 shares advanced, against a decline of 116 shares, while 34 shares were unchanged.
Shares of TCS, Sun Pharma, Indiabulls Housing and Bharti Infratel have gained the most, while Yes Bank, ONGC, and IOC lost the most.
Oil prices rose amid expectations of supply cuts from OPEC, although record US production dragged.
US West Texas Intermediate (WTI) crude oil futures were at $56.76 per barrel, up 0.53 percent, from their last settlement.
Brent crude oil futures were up 0.63 percent, at $67.04 per barrel.
Prices were mainly supported by expectations the Organization of the Petroleum Exporting Countries (OPEC) would start withholding supply soon, fearing a renewed rout such as in 2014 when prices crashed under the weight of oversupply. Source: Reuters.
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Source:https://www.moneycontrol.com/news/business/markets/sock-market-live-updates-bse-nse-sensex-gains-over-200-pts-amid-volatility-bharti-airtel-ril-top-gainers-3185411.html
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