Benchmark stock market indices ended a 4-day losing streak due to strong performance in the IT segment.
Indian shares ended slightly higher on Thursday, helped by gains in information technology stocks, even as global markets rallied on the back of optimism induced by the U.S. Federal Reserve.
The NSE Nifty 50 index ended up 0.16% at 17,248.40, while the benchmark S&P BSE Sensex rose 0.2% to 57,901.14. Though the indexes gave up most of the early gains, they managed to close up for the first time in five sessions.
Fed Chairman Jerome Powell said in a news conference after the conclusion of the two-day policy meeting that “the economy no longer needs increasing amounts of policy support.”
