Sensex, Nifty Extend Gains For Second Day; IT Stocks Surge
(RTTNews) - Indian shares rose on Thursday despite weak cues from Asia and Europe.
While dovish Fed bets and declining oil prices offered some support, markets ended off their day's highs as investors looked ahead to a raft of U.S. economic data and high-profile ECB and Fed speeches for further clues to the economic growth and rate outlook.
A rebound in the dollar index and U.S. Treasury yields also triggered some profit taking at higher levels.
The benchmark S&P BSE ended the session up 306.55 points, or 0.47 percent, at 65,982.48 after hitting a high of 66,358.37 earlier in the day.
The broader NSE Nifty index hit an intraday high of 19,875.25 before giving up some gains to settle 89.75 points, or 0.46 percent, higher at 19,765.20 - extending gains for a second straight session.
Information technology stocks topped the gainers list, with Infosys, TCS, HCL Technologies and Tech Mahindra rallying 2-3 percent.
Hero MotoCorp jumped 3.3 percent after reporting its highest-ever festive sales.
On the losing side, Tata Consumer Products, Adani Enterprises, Coal India and Axis Bank all fell around 1 percent.
Switzerland Logs Weaker Growth, Trims 2026 Outlook
U.S. GDP Jumps More Than Previously Estimated In Q2
U.S. Weekly Jobless Claims Edge Down To 229,000
FTSE 100 Down 0.4% In Cautious Trade
CAC Up Slightly; Pernod Ricard Rises On Earnings
DAX Retreats After Firm Start, Down Marginally
Swiss Franc Rises Against Majors
