Indian equities rebound after three-day slide as IT and global cues lift sentiment

Indian benchmarks rose after three sessions of losses, driven by IT gains, U.S. reopening optimism, foreign inflows, and firm global cues that improved overall investor sentiment.

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Indian equities rebound after three-day slide as IT and global cues lift sentiment

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Indian equities rebound after three-day slide as IT and global cues lift sentiment
Indian benchmarks rose after three sessions of losses, driven by IT gains, U.
India’s benchmark indices rebounded after a three-session downturn, supported by strong gains in information technology shares and optimism over the possible U.S. government reopening. The BSE Sensex advanced 319 points, or 0.38%, to close at 83,535.35, while the NSE Nifty climbed 82 points, or 0.32%, to finish at 25,574.35. Buying interest in Infosys and HCLTech led sectoral strength, and steady foreign inflows further bolstered market tone. 
Analysts expect near-term consolidation with positive bias amid improved global risk appetite and declining crude prices.
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