India’s stock markets rose sharply in the afternoon after falling as much as 2% on Friday ending the day with gains as global cues turned positive. The benchmark Sensex rose as much as 242.52 points or 0.72% to close at 33,780.89. The broader Nifty50 rose by 70.9 points or 0.72% to close at 9,972.9. After making gains for two straight weeks, however, indices Sensex and Nifty ended the week 1% lower. The total buying by FPI stands at $2.7 billion in June so far. FPIs have turned into buyers after three straight months of selling.
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