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Sensex rises 80 points, Nifty up at 16,645 ahead of inflation data

MUMBAI :The Sensex and Nifty rose in early morning trade on Monday, extending gains from the previous week, as financial heavyweights advanced, while global investor sentiment was also buoyed by hopes of progress in Russia-Ukraine peace talks.

The blue-chip NSE Nifty 50 index rose 0.09 per cent or 15.40 points to 16,645.85 and the benchmark S&P BSE Sensex gained 0.14 per cent or 80.23 points to 55,630.53.

Most stock markets in Asia firmed after both Russia and Ukraine gave their most upbeat assessment yet of prospects for talks.

In domestic news, investors will be looking out for data on February retail inflation, due later in the day, which likely slipped marginally, according to a Reuters poll last week.

In Mumbai trading, the Nifty Bank Index and the Nifty Financial Services Index gained 1.15 per cent and 0.90 per cent, respectively.

HDFC Bank added 2.4 per cent after the company said on Saturday the central bank had lifted restrictions on some of its activities under its digital programme.


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