Sensex, Nifty gain in early trade
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Equity market gained in early trade on Wednesday as the benchmark Sensex climbed more than 247 points amid mixed global cues.
The latest data from the US indicated softening of the labour market and a decline in factory orders, a scenario that has also triggered expectations that the US Federal Reserve could go slow on tightening of monetary policy to boost the economy.
On Wednesday morning, the 30-share BSE Sensex surged 247.02 points or 0.42 per cent to 59,353.46 points while the broader 50-share NSE Nifty climbed 67.90 points or 0.39 per cent to 17,465.95 points.