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Shares Muted In Early Trade As Omicron Advances

The NSE Nifty 50 index was up 0.1% at 17,087 by 9:29 am and the benchmark S&P BSE Sensex rose 0.14% to 57,395.12.

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Indian shares traded in a narrow range on Friday after rising for three straight sessions amid a continued global surge in the Omicron coronavirus variant expected to be less severe than the Delta variant.

The NSE Nifty 50 index was up 0.1% at 17,087 by 9:29 am and the benchmark S&P BSE Sensex rose 0.14% to 57,395.12.

Omicron advanced across the world on Thursday, with health experts warning the battle against the COVID-19 variant was far from over despite two drugmakers saying their vaccines protected against it and two studies showing it carries a lower risk of hospitalisation.

The information technology index was the lone sectoral gainer, rising 1.1%.

(Reuters)


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