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Mumbai - The BSE Sensex and Nifty rallied to record highs, while the rupee strengthened to near a 10-month high against the dollar, as early vote counts in the general elections showed the opposition Bharatiya Janata Party and its allies leading.
The BSE Sensex gained around 1,000 points in early trade to a record high of 24,956.60, while the broader Nifty also hit a record high at 7,433.20.
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The partially convertible rupee was trading at 58.84/85 per dollar by 9:10 a.m. after hitting as much as 58.81, its strongest level against the dollar since July 26. The local unit closed at 59.29/30 on Thursday.
The benchmark 10-year bond yield fell 6 basis points to 8.72 percent.
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