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Sensex rallies further on buying

MUMBAI: Equities on the Bombay Stock Exchange rallied on Friday with a 360 point gain in the Sensex.

Operators and retail investors stepped up their purchases after emergence of buying support from foreign institutional investors, which were engaged in negative activity in November, market players said. The market remained strong throughout except for a brief period during early trading when it toched a low of 19006.89. The BSE 30-share Sensex closed 359.93 points up at 19363.19 against 19003.26. The S&P CNX Nifty of the National Stock Exchange also surged to close at 5762.75 against 5634.60.

Barring Shanghai Composite index, which closed 2.63 per cent lower, Hang Seng, Nikkei, Straits Times and Taiwan Weighted closed with impressive gains.

The rupee on Friday closed stronger by over 14 paise at 39.61/62 against the dollar, driven higher by heavy selling of the U.S. currency by investors and firm equity markets, against 39.75/76 on Thursday. — PTI

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