Sensex falls 350 pts from day’s high, ends 193 pts higher; Nifty above 12,050

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CLOSING BELL: Sensex retreats 350 pts from day’s high, still ends 193 pts higher; Nifty above 12,050; smallcaps gain 1%

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Watch Sensex falls 350 pts from day’s high, ends 193 pts higher; Nifty above 12,050 With HD Quality.

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    CLOSING BELL: Sensex retreats 350 pts from day’s high, still ends 193 pts higher; Nifty above 12,050; smallcaps gain 1%

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    Watch Sensex falls 350 pts from day’s high, ends 193 pts higher; Nifty above 12,050 With HD Quality

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    Extending its winning streak to the sixth consecutive session, the BSE Sensex gained over 70 points Monday as stocks made further headway powered by unabated foreign fund inflows and narrowing country's trade deficit amid positive global cues. The 30-share benchmark advanced to hit a high of 38,369.59 as buying activity gathered momentum. However, investors locked in gains pushing the key index into the negative zone to hit a low of 37,952.10 before bouncing back to end 70.75 points, or 0.19 per cent, higher at 38,095.07. Likewise, the 50-stock NSE Nifty finished 35.35 points, or 0.31 per cent, higher at 11,462.20 after hitting the day's high of 11,530.15 and a low of 11,412.50.

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    A continuous rise in global crude oil prices, along with caution ahead of key micro-economic data to be released later in the day, dragged the Indian equity market into the red on Friday. The benchmark Brent crude prices rose over 0.5 per cent to cross the $62 a-barrel-mark. Index-wise, the Nifty50 declined by 33.55 points or 0.31 per cent to settle at 10,821.60. The S&P BSE Sensex closed at 36,009.84, lower by 96.66 points or 0.27 per cent from the previous close of 36,106.50.

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    The BSE Sensex resumed its record-setting run on Wednesday -- rallying 222 points to its new lifetime high of 40,469.78 -- as investors accumulated banking and financial stocks amid hopes of more reform measures to boost growth. After opening on a choppy note, the 30-share Sensex touched an all-time intra-day high of 40,606.91 in late-afternoon trade. It finally ended 221.55 points, or 0.55 per cent, higher at 40,469.78. The previous closing high was 40,301.96, hit on November 4 (Monday). Similarly, the broader NSE Nifty briefly reclaimed the 12,000 level, before finishing at 11,966.05, showing a gain of 48.85 points, or 0.41 per cent.

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