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Stock markets jump in early trade; Sensex gains 471 points, Nifty above 19,350 amid positive global cues

The 30-share BSE Sensex jumped 471.45 points to 64,835.23 in early trade. The Nifty climbed 126.75 points to 19,357.35 points.

Edited By: Anurag Roushan @Candid_Tilaiyan Mumbai Updated on: November 06, 2023 10:35 IST
Stock markets
Image Source : PTI/REPRESENTATIVE Stock markets update

Stock markets: Equity benchmark indices witnessed growth on Monday following a rally in global markets. In the early trade, the 30-share BSE Sensex jumped 471.45 points to 64,835.23 in early trade. The Nifty climbed 126.75 points to 19,357.35 points. 

Among the Sensex firms, Larsen & Toubro, Axis Bank, Nestle, JSW Steel, IndusInd Bank and Mahindra & Mahindra were the biggest gainers. State Bank of India and Tata Motors were the laggards. 

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading in the green. The US markets ended in positive territory on Friday. Global oil benchmark Brent crude climbed 0.37 per cent to USD 85.20 a barrel.

Rupee rises against dollar

The rupee appreciated 5 paise to 83.15 against the US dollar in early trade on Monday, tracking positive domestic equities as risk-on sentiments prevailed in the market.

Forex traders said the rupee rose after the American currency dropped from its elevated levels, following a slower-than-expected US job growth in October.

At the interbank foreign exchange, the domestic unit opened at 83.17 against the dollar and then touched an early high of 83.15, registering a gain of 5 paise over its previous close.

(With inputs from PTI)

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