Sensex jumps over 500 points; Nifty above 15,700; key points

The Sensex and Nifty benchmarks started on an upbeat note on Friday morning, tracking the strength in the US and Asian markets this morning. At 09:16 IST, the Sensex was up 526.66 points or 1.01 per cent at 52792.38 and the Nifty was up 163.50 points or 1.05 per cent at 15720.20.

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Tracking Wall Street’s rallies, Asian markets were up in Friday trading as investors weighed global inflation and bearish risks. MSCI’s index of Asia-Pacific shares outside Japan was up 0.96 per cent.

Tokyo’s leading Nikkei index opened flat on Friday in cautious trade following Wall Street rallies, as investors weighed global inflation and bearish risks. The benchmark Nikkei 225 index was up 0.04 per cent, or 11.14 points, at 26,182.39 after floating between positive and negative territory, while the broader Topix index was down 0.22 per cent, or 4.05 points, at 1,847.69.

Shares in global markets rose on Thursday as US Treasury yields fell to a two-week low, while copper was at a 16-month low as investors worried about a possible global economic slowdown. The Dow Jones Industrial Average rose 194.23 points, or 0.64 percent, to 30,677.36, the S&P 500 rose 35.84 points, or 0.95 percent, to 3,795.73 and the Nasdaq Composite rose 179.11 points, or 1.62 percent, to 11,232.19.

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