Sensex Hits Fifth Day of Gains

India’s BSE Sensex edged up about 0.2% to 77,276 on Thursday, marking a fifth straight session of gains, supported by lower crude oil prices, though upside momentum was capped by losses in information technology stocks and caution after the US Federal Reserve left interest rates unchanged and signaled a cautious outlook for monetary policy. Investor sentiment remained restrained after the Federal Reserve signaled the possibility of an interest rate hike later this year, strengthening the US dollar and dampening appetite for riskier emerging-market assets. Among individual stocks, HFCL gained attention after securing a major contract from Rail Vikas Nigam, while shares of BSE remained on investors’ radar following the filing of a draft IPO prospectus by the National Stock Exchange. Notable gainers included NIACL (12.8%), Bharat Coal (7.6%), Netweb (4.7%), Wockhardt (3.7%), IFCI (3.7%), and HFCL (3%). On the losing side were, IDBI (-3.6%), One 97 (-2.2%), Infosys (-2%), and TCS (-0.8%).
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