Indian shares inch higher led by IT stocks
Indian shares edged higher on Wednesday as the market attempted to stabilise after a recent selloff. Information technology stocks led the recovery following dovish Federal Reserve comments.
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India shares ticked up during Wednesday morning trade following a two-day selloff driven by foreign outflows and oil prices. The Nifty 50 rose 0.2% to 22,762, while the BSE Sensex added 0.46% to 72,877.11. Both indexes fell about 1.8% over the preceding two sessions and remain down 5.5% for September.
