MARKET WRAP: Sensex ends 318 pts higher, Nifty holds 10,500; IT stocks gain

Benchmark indices rose on Thursday, driven by IT stocks such as Infosys and TCS on the back of a weak rupee

8:35 AM

Asian Markets

Asian shares moved lower on Thursday as investors fretted about new setbacks in US-China trade talks, but negative sentiment was tempered by US Federal Reserve meeting minutes suggesting it would not raise the tempo at which it increases interest rates.

 

MSCI’s broadest index of Asia-Pacific shares outside Japan was flat, while Japan’s Nikkei stock index was 0.6 per cent lower.

8:33 AM

Wall Street

US stocks ended with small gains on Wednesday after minutes from the Federal Reserve's latest meeting suggested higher inflation may not result in faster interest rate hikes.

The Dow Jones Industrial Average rose 52.4 points, or 0.21 per cent, to 24,886.81, the S&P 500 gained 8.85 points, or 0.32 per cent, to 2,733.29 and the Nasdaq Composite added 47.50 points, or 0.64 per cent, to 7,425.96.

8:31 AM

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