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Sensex Hits Record High As Oil Tumbles; Nifty Reclaims 11,000

Indian shares ended on an upbeat note on Thursday as markets across Asia, Europe steadied after steep losses in the previous session, and an overnight plunge in oil prices helped ease worries about rising inflation and higher twin deficits.

The 30-share BSE Sensex jumped 282.48 points or 0.78 percent to close at a record high or 36,548.42, surpassing its previous record closing of 36,283.25 reached on January 29.

The broader Nifty index ended up 74.90 points or 0.68 percent at 11,023.20, surpassing the 11,000 mark after a gap of five months.

The rupee also traded higher despite caution ahead of June consumer inflation and May industrial output data due later in the day.

Market heavyweight Reliance Industries jumped more than 4 percent to hit a fresh 52-week high.

IT, financials and energy stocks were among the other top gainers, with HDFC, HCL Technologies, Bajaj Finserv, Wipro, Bajaj Finance and BPCL climbing 2-3 percent.

On the flip side, Grasim Infosys, Bajaj Auto, Vedanta and UPL dropped 2-4 percent.

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