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Stock market update: These stocks surge up to 7% in a bullish market

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Stock market update: These stocks surge up to 7% in a bullish market
HPCL, BPCL, Indian Oil Corporation, Dr. Reddy's Laboratories and Reliance Industries were leading among the Nifty gainers.
NEW DELHI: Mirroring the bullish mood of market, shares of Mishra Dhatu Nigam (up 7.45 per cent), RattanIndia Power (up 6.85 per cent), Time Technoplast (up 6.72 per cent), Borosil Glass Works (up 6.58 per cent) and Ashoka Buildcon (up 6.58 per cent) surged up to 7 per cent on NSE during morning trade on Thursday.

Equity markets were treading higher amid positive Asian cues, while a fresh fall in global crude oil prices and an improvement in Indian rupee against the US dollar also influenced the sentiment.

The rupee strengthened against the US dollar ahead of release of key index of industrial production (IIP) and inflation data amid foreign capital inflows.

Barring Nifty IT, all sectors were in the green on NSE.

The BSE Sensex scaled fresh record high of 36,543 owing to gains in oil, bank, financial, FMCG and auto stocks.

The NSE Nifty index was trading 81 points up at 11,029, while the BSE Sensex was up 261 points at 36,527 around 10:15 am.

In the Nifty index, 39 stocks were in the green and 11 in the red.

HPCL, BPCL, Indian Oil Corporation, Dr. Reddy's Laboratories and Reliance Industries were leading among the Nifty gainers.

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