Sensex snaps 4-session slide amid firm global cues; IT stocks shine
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Equity indices eked out modest gains on Thursday after a four-session losing streak, in tandem with an upmove in global markets despite a hawkish tilt by the US Federal Reserve. A rebounding rupee also bolstered sentiment, though unabated selling by foreignSensex snaps 4-session slide amid firm global cues; IT stocks shine
Equity indices eked out modest gains on Thursday after a four-session losing streak, in tandem with an upmove in global markets despite a hawkish tilt by the US Federal Reserve. A rebounding rupee also bolstered sentiment, though unabated selling by foreign institutional investors capped the upside, traders said. After a choppy session, the 30-share BSE Sensex closed 113.11 points or 0.20 per cent higher at 57,901.14. Similarly, the broader NSE Nifty inched up 27 points or 0.16 per cent to 17,248.40. Bajaj Finance led the Sensex gainers' chart with a jump of 2.61 per cent, followed by Infosys, Titan, Reliance Industries, HCL Tech, M&M and Nestle India. In contrast, Maruti, ICICI Bank, Bajaj Auto, Sun Pharma, IndusInd Bank and SBI were among the laggards, slipping up to 1.51 per cent. «Domestic bourses closed flat with a mild positive bias despite an upbeat economic outlook by the US Fed. Domestic weakness was due to FII selling and moderation in retail activity,» said Vinod Nair, Read more