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Sensex gains 300 points, reclaims 72K on surge in IT stocks; Nifty above 21,700
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The BSE Sensex was trading 344 points or 0.48% higher at 72,065. Nifty50 was trading at 21,742, up 95 points or 0.44% at around 9.19 am.
The Department of Labor's consumer price index (CPI), a key measure of inflation was up 3.4% from a year ago and higher than November's figure.
From the Sensex pack, Infosys and TCS were the top gainers, rising 5% and 2.9%, respectively.
Wipro, Tech Mahindra, HCL Tech and UltraTech Cement also opened 2-3% higher. On the other hand, M&M, Asian Paints, Bharti Airtel, HUL, and Power Grid opened lower.
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About this in other media
Share price of Chola Inv Finance falls as Sensex gains 439.76 points economictimes.indiatimes.com /11 months ago
Nifty 50, Sensex gain nearly 1% each after 3 days of losses: 5 reasons why Indian stock market is gaining today livemint.com /11 months ago
Sensex sheds 1,300 points after crossing the 73,000 mark; is it time to be cautious? Here's what top experts say livemint.com /11 months ago
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