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Sensex Edges Higher on IT Gains and Firm Global Sentiment
Indian indices opened slightly higher with support from IT and financials, following positive US cues.
Indian markets opened mildly positive as the Sensex traded above 85,200 and Nifty hovered near 26,050 supported by gains in IT, financials and select FMCG stocks. Overnight US market strength boosted sentiment after Nasdaq and S&P 500 closed higher on renewed rate-cut expectations. Traders also monitored crude oil slipping below $58 and domestic flows from DIIs, which continued to support large caps.