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Share market updates:Sensex Gains Over 150 Points,Nifty reclaims 10700; Tata Motors up 2.5%

Mumbai: Indian benchmark indices BSE Sensex and NSE Nifty 50 advanced on Friday led by auto and metal stocks. Japan stocks slumped 4% on its first trading day of the year, leading Asian stocks lower, after weak economic data added to anxiety about global growth and Apple’s sales outlook cut sunk US stocks. Moreover, in India, investors turned cautious ahead of corporate earnings season beginning next week, with TCS and Infosys reporting December quarter results in the first round. Oil prices fell nearly 1% after the US showed signs of following Asia into an economic slowdown, although supply cuts by producer club OPEC kept declines in check.



Money Market Update: Rupee Strengthens After Two-Day Fall
The Indian rupee strengthened after a two-day fall. The home currency appreciated as much as 0.35 per cent to 69.93 against the greenback.

Jet Airways shares down over 3%
Jet Airways shares fell as much as 3.34% to Rs 238.60 per share after the Economic Times reported the company has proposed to its lenders that revenue from ticket sales be securitised against outstanding debt.

Tata Motors shares gained more than 2.2% to hit the day's high at Rs 169.90 after JLR's US sales were up 23.6% on-year to 14,079 units. Top gainers on the 50-scrip index were Infratel, Titan, HCL Tech, Asian Paints and Bajaj Auto, trading between 0.11 and 3.31 per cent higher. Heavyweights HDFC Bank, HDFC, Larsen & Toubro and Infosys contributed the most to the gains on the 30-scrip benchmark index.

Oil prices fell after the US followed most other major economies into a manufacturing downturn, although supply cuts by producer club OPEC kept declines in check.

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