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Indian Shares Rise on IT Gains

Indian benchmark shares advanced led by gains in IT and financial sectors. Upbeat quarterly earnings lifted sentiment while hot US inflation capped overall gains.

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A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, February 1, 2023. REUTERS/Niharika Kulkarni

Indian shares rose during Thursday morning trading, driven by upbeat corporate earnings and gains in IT and financial sectors despite hot inflation data from the United States. The Nifty 50 climbed 1.15% to 22,881.90, while the BSE Sensex gained 1.21% to 73,656.40.
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