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Sensex reclaims 36,000, surges 307 points

Extending its winning run for a fifth session, the BSE Sensex soared over 307 points to close at 36,270, driven mainly by auto, metal and banking stocks and positive global cues.

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Extending its winning run for a fifth session, the BSE Sensex soared over 307 points to close at 36,270, driven mainly by auto, metal and banking stocks and positive global cues.
The broader NSE Nifty too jumped almost 93 points.

Opening on a positive note, the Sensex went on to reclaim the 36,000-mark and hit a high of 36,312.31 during the intra-day trade before ending at 36,270.07, up 307.14 points, or 0.85 per cent.

The gauge had climbed 1,003.21 points in the previous four sessions.

For the 50-share NSE Nifty, the close came in at 10,888.35, higher by 82.90 points, or 0.77 per cent, after shuttling between 10,900.35 and 10,844.85.

On a net basis, foreign portfolio investors (FPIs) bought shares worth Rs 861.94 crore on Friday, while DIIs sold equities to the tune of Rs 303.52 crore, provisional data showed. 

The rise is being attributed to mixed indications for the global market and optimism of easing regulatory norms after the appointment of new Reserve Bank of India chief.

On December 12, the newly appointed Reserve Bank of India (RBI) Governor Shaktikanta Das had emphasised over the significance of the issue of liquidity and inflation target.

He said, "The inflation target continues to be very important. It is really heartening that it has been very good but we have to ensure stability. 
The issue of liquidity is also important and I will work on these issues too. The maintenance of the growth trajectory of the Indian economy is extremely important."

The Reserve Bank of India's (RBI) Central Board on Friday deliberated on the banks' Governance Framework during its meeting here and concluded that the matter required further examination, the central bank's Chief General Manager, Jose J. Katoor confirmed.

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