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Sensex up 1,030 points

The Nifty gained 274 points and the Sensex 1030 points in early trade today. The Nifty closed at 14982 and the Sensex at 50781.

Today, trading on the National Stock Exchange was halted due to a technical glitch. The trade, which had been suspended for hours, resumed at 3.30 pm. The resumption of trading ended at 5 pm when the market normally closed.

Earlier, the Nifty and Bank Nifty failed to update their cash market rates. Then at 11.40 the futures and options market closed and at 11.43 the cash market closed. NSE’s telecommunications have been disrupted, forcing it to suspend trading.

Trading on BSE continued even after the NSE ceased trading. The lack of coordination between the two exchanges has left traders confused. When the NSE resumed trading at 3.30 pm, there was a significant difference in the price of some stocks.

All sectors except IT recorded gains. Bank Nifty Real Estate Index rose 3.80%. Bank Nifty rose above 36,000.

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