Sensex, Nifty Extend Record Rally; IT Stocks Top Gainers

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Sensex, Nifty Extend Record Rally; IT Stocks Top Gainers

(RTTNews) - Indian shares opened on a positive note Thursday, mirroring firm cues from global markets as Fed Chair Jerome Powell's dovish remarks in a speech helped improve risk sentiment.

The benchmark S&P BSE Sensex rose 342 points, or half a percent, to 63,441, extending gains for an eighth consecutive session.

The broader NSE Nifty index was up 86 points, or half a percent, at 18,844.

IT stocks led the surge, tracking the Philadelphia Semiconductor index's 5.85 percent gain overnight.

Tata Consultancy Services jumped more than 2 percent after bagging a contract to design, develop, implement, and operate the U.K.'s Rail Data Marketplace.

Infosys, HCL Technologies, Tech Mahindra and Wipro rallied 2-3 percent.

Zomato gained 1 percent after Singapore state-owned investment company Tamesak bought a stake in the company via bulk deals.

Apollo Hospitals Enterprise was little changed on fund raising reports.

NMDC gained 1.2 percent after hiking iron ore prices by Rs 300 per ton.

Manali Petrochemicals added 1 percent after it acquired U.K.-based Penn Globe for an enterprise value of GBP 21 million.

KPI Green Energy declined 1.5 percent after the announcement of a 1:1 bonus issue.

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Australian Market Notably Higher

Australian Market Notably Higher

The Australian market is trading notably higher on Thursday, reversing some of the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,800 level, with gains across most sectors led by mining and energy stocks amid rebounding commodity prices.
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Japan Services PMI Eases To 53.1 In October - Jibun

Japan Services PMI Eases To 53.1 In October - Jibun

The services sector in Japan continued to expand in October, albeit at a slightly slower pace, the latest survey from Jibun Bank revealed on Thursday with a services PMI score of 53.1.
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Taiwan Bourse Due For Support On Thursday

Taiwan Bourse Due For Support On Thursday

The Taiwan stock market has finished lower in back-to-back sessions, stumbling more than 640 points or 2.3 percent in that span. The Taiwan Stock Exchange now sits just beneath the 27,720-point plateau although it may stop the bleeding on Thursday.
RTTNews | 1घंटे 28 मिनट पहले
Singapore Shares May Find Traction On Thursday

Singapore Shares May Find Traction On Thursday

The Singapore stock market has moved lower in two straight sessions, slumping more than 25 points or 0.6 percent along the way. The Straits Times Index now sits just beneath the 4,420-point plateau although it may find support on Thursday.
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Rebound Anticipated For Malaysia Stock Market

Rebound Anticipated For Malaysia Stock Market

The Malaysia stock market on Wednesday snapped the two-day winning streak in which it had collected almost 15 points or 0.9 percent. The Kuala Lumpur Composite Index now sits just above the 1,620-point plateau although it figures to bounce higher again on Thursday.
RTTNews | 2घंटे 28 मिनट पहले
Bargain Hunting Likely To Boost Japan Stock Market

Bargain Hunting Likely To Boost Japan Stock Market

The Japan stock market has moved lower in consecutive trading days, plunging nearly 2,200 points or 4.2 percent in that span. The Nikkei 225 now rests just beneath the 50,200-point plateau although it's likely to open in the green on Thursday.
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