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Sensex opens 100 points higher, banks gain

Sensex opens 100 points higher, banks gain

Mumbai, May 17 (IANS) The benchmark Sensex opened over 100 points higher on Friday led by gains in the finance and banking stocks.

PSU Bank, IT, and pharma stocks witnessed selling pressure.

At 10.39 the BSE Sensex traded 197.03 points, or 0.53 per cent higher at 37,590.51. It opened at 37,494.42 after closing at 37,393.48 on Thursday.

 

The Nifty50 of the National Stock Exchange (NSE) opened at 11,261.90 after closing at 11,257.10 on Thursday. It traded at 11,307.35 during the morning trade session, up 50.25 points and 0.45 per cent.

Brent Crude traded above the $72 a barrel mark amid rising tension in the Middle East that could lead to supply disruptions.

Investors will take cues from the fourth quarter earning results of Bajaj Auto and Indian Oil Corporation scheduled later in the day.

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Sensex opens 100 points higher, banks gain

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Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc. He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources. When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any. He can be reached at gopi@socialnews.xyz

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