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Share market updates: Sensex opens nearly 300 points higher, Nifty hits 10,800; Sun Pharma zoom 1.5%,

The domestic stock markets– Sensex and Nifty– opened higher tracking positive global cues, after Asian markets rallied following the major gains seen on Wall Street yesterday. Sensex zoomed 392 points in the opening trade to 36,041.24, while the Nifty 50 was trading above the 10.800-level. Sun Pharma, VEDL shares gained more than 1.5% each.

Rupee opens The Indian rupee has opened at 70.20 per US dollar against a previous close of 70.07 per dollar. The currency is down around 13 paise.


SUN PHARMA RISES Shares of Sun Pharmaceutical Industries rose over 2 per cent intraday on December 27 after its unit DUSA Pharmaceuticals got injunctive relief in a US patent infringement case. The stock gained as much as 2.4 per cent, quoting at Rs 424 on the BSE. A US district court prohibited Biofrontera and other defendants from using DUSA's confidential and proprietary trade secret information.

ASIA UPDATE | Asian shares on Thursday latched on to a dramatic surge on Wall Street as markets, battered by a recent drum roll of deepening political and economic gloom, cheered upbeat US data and the Trump administration’s effort to shore up investor confidence.

In a buying frenzy that was as spectacular as the recent rout, US stocks soared with the Dow Jones Industrial Average rocketing more than 1,000 points for the first time on Wednesday.

Seoul: Oil fell on Thursday after soaring 8% in the previous session, as worries over a glut in crude supply and concerns over a faltering global economy pressured prices even as a stock market surge offered support. Brent crude oil futures were down 8 cents, or 0.15 per cent, at $54.39 a barrel by 0237 GMT. They rose 8% to $54.47 a barrel the day before.

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