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Our Bureau

Mumbai , June 23

Strong buying in heavyweights pushed key indices into positive territory on Friday with the BSE Sensex ending the day 125.42 points higher at 10401.30. The NSE Nifty gained 47.95 points to close at 3042.70.

Dealers said the initial weakness was brushed aside, with participants picking up stocks at lower levels. Stocks from the cement, energy, engineering, FMCG, petrochemicals, software, steel and telecom sectors were the chief gainers in today's trading session. However, select auto, banking and pharma stocks closed in the red. Amongst global markets, Asian indices closed flat today, while major European indices are currently trading marginally higher.

Marketmen pegged part of the negative sentiment to concerns about higher inflation and the 10-year G-Sec yield hitting 8.2 per cent. "This could mean another interest rate hike is around the corner," said a broker. For the week, the BSE Sensex gained 5.2 per cent while the NSE Nifty gained 5.3 per cent.

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