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Indian Markets Up in Opening Trading on Global Cues, Sensex Zooms 400 Points

© AP Photo / Rafiq MaqboolA woman cleans a bronze statue of a bull outside the Bombay Stock Exchange (BSE) in Mumbai, India, Friday, June 12, 2020
A woman cleans a bronze statue of a bull outside the Bombay Stock Exchange (BSE) in Mumbai, India, Friday, June 12, 2020 - Sputnik International
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After wilting from a peak of 41,935 points in January under COVID-19 heat, India's Sensex slumped to 26,000 points at the end of March with the imposition of a nationwide lockdown. It has now surpassed its pre-COVID levels to set new records.

Indian equity markets were up in opening trading on Tuesday on the back of strong global cues. The Bombay Stock Exchange's 30 share benchmark index, Sensex, surged by 400 points to trade at 44,555 points.

Similarly, the National Stock Exchange's wider 50-share index, Nifty gained 105 points to trade at 13,077. 

Backed by positive developments on the COVID-19 vaccine front, pharmaceuticals along with metals and information technology shares led the gains. 

Global cues also contributed to rise in Indian shares, while both Japan's Nikkei and Australia's S&P/ASX 200 were up 0.9 percent higher on Tuesday.

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