Indian Shares Recover From Muted Start Led by IT Gains
· Business · Reuters
Indian markets staged a recovery from a muted opening, with the Nifty and Sensex closing 2% higher during the session. Information technology stocks led the market gains as buying interest broadened across multiple sectors. The recovery coincided with a strengthening of the Indian rupee against the US dollar. Domestic equities shrugged off initial sluggishness to record strong late-session advances.
Why it matters
The broad-based market recovery and rupee strengthening provide a boost to investor sentiment across Indian equities.
Read the original report — Reuters
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