Sensex Up 163 Points In Early Trade; Nifty Rises Above 10,200

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(RTTNews.com) - Indian shares rose notably on Friday, mirroring firm cues from global markets as China's November exports and imports blew past market expectations and optimism prevailed over the progress of U.S. tax reform.

The benchmark BSE Sensex was up 163 points or 0.50 percent at 33,112 in early trade after climbing over 1 percent on Thursday. The broader Nifty index was up 49 points or 0.48 percent at 10,215.

Among the prominent gainers, Adani Ports, Hindalco, UPL, Tata Motors and Vedanta rallied around 2 percent each.

Emami shares jumped 2 percent. The FMCG firm is acquiring 30 percent stake in Helios Lifestyle Pvt. Ltd. for an undisclosed amount.

Tube Investments of India soared 3 percent after it signed a pact to acquire controlling stake in Creative Cycles & Great Cycles, Sri Lanka.

Jet Airways tumbled 3.3 percent after its Q2 net profit plunged 91 percent on higher expenses.

Union Bank of India shed 0.6 percent on fund raising reports.

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This article appears in: US Markets , Oil , Stocks

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