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Sensex rises 300 points; banking stocks surge, Ambuja cements gains 10 per cent

The 30 stock S&P BSE Sensex jumped 300.44 points or 0.51 per cent to close at 59,141.23 points against its previous session's close at 58,840.79 points. Earlier, the Sensex started the day in the red at 58,747.31 points and fell to a low of 58,487.76 points in the early morning trade. The markets witnessed good buying support later in the day. The Sensex rose to a high of 59,277.55 points in the intra-day.

Indian stocks largely steady in early trade Thursday

India's wholesale inflation declined further during the month of August to 12.41 per cent from 13.93 per cent the previous month but continues to remain in double digits, official data released on Wednesday showed.