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Sensex surges over 300 points; Yes Bank, Infosys stocks decline

Equity benchmark indices extended morning gains to trade higher tracking positive leads from Asian markets and overnight gains on the Wall Street.

The Indian rupee jumped as much as 55 paise against the US dollar in the opening trade at the interbank foreign exchange market on Friday.

On the international front, oil prices changed on Friday after falling in the previous session as US President Donald Trump urged OPEC to lower crude prices at its meeting in Algeria this weekend.

Shares of Yes Bank tanked 20% on the NSE in the morning trade after Reserve Bank of India cut the tenor of Rana Kapoor, a promoter, chief executive and managing director, till January 31, 2019.

Dilip Buildcon was up 2% after the company said it has been declared L-1 bidder for Indore Metro Rail project, Phase-I, valued at Rs228.96cr by the Madhya Pradesh Metro Rail Co., Urban Administration and Development Department, Bhopal (M.P).

Sensex was up 324 points at 37,446, and the Nifty was up 105 points at 11,340. India VIX inched down 1.47% to 14.20.

In the broader market, the BSE Midcap and BSE Smallcap was up by 0.61% and 0.40% respectively.

Out of 2,055 stocks traded on the NSE, 1,014 advanced, 594 declined and 447 remained unchanged today.

Axis Bank (+3.5%), Tata Steel (+3.3%), ICICI Bank (+3%), Lupin (+2.4%) and Hindalco (+2.4%) were the top gainers, while Yes Bank (-18.3%), Infosys (-0.99%), Bharti Airtel (-0.65%), Tech Mahindra (-0.58%) and Eicher (-0.53%) were the top losers on the NSE.

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