Sensex Rises Over 350 Points, Nifty Above 17,950; Tata Steel Top Gainer After Q2 Earnings

The Indian equity benchmarks moved higher on Friday led by on the back of a broad-based buying interest amid positive cues from global markets. The Sensex rose as much as 374 points and Nifty 50 index was trading above its important psychological level of 17,950. Asian share prices advanced on Friday as a shock from a surprisingly strong U.S. inflation reading ebbed, with investors now hopeful that the worst price hikes could be soon over. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.7 per cent to reach its highest level in two weeks while Japan’s Nikkei gained 1.1 per cent, helped by brisk earnings.

As of 9:22 am, the Sensex was up 278 points at 60,197 and Nifty 50 index advanced 88 points to 17,961.

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