The market has opened volatile on first day of February series but immediately gained strength. The Sensex rose 122.59 points to 24592.16 and the Nifty climbed 45.50 points to 7470.15. ONGC, ITC, Coal India, HDFC, Bharti Airtel, Vedanta, Cairn India and Kotak Mahindra Bank rallied 1.8-4 percent while ICICI Bank tanked 5 percent. Maruti Suzuki, Axis Bank, Tata Motors and Dr Reddy's Labs lost ground. The Indian rupee gained in the early trade today. It has opened higher by 13 paise at 68.10 per dollar against previous close of 68.23.
GLOBAL MARKET
Asian shares pared intra-day losses and the Nikkei surged 2.7% after the Bank of Japan adopted negative interest rate policy. Further, China's Shanghai Composite, Straits Times and Hang Seng were up 1%-3% each.
US stocks rallied on Thursday after oil prices rebounded on talk that major oil producers in the Middle East would cut back production. Facebook shares gained on robust earnings. Dow Jones, Nasdaq and S&P 500 ended up 0.6%-0.9% each.
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