Indian shares snap losing streak on IT and financials

Indian shares ended a losing streak supported by gains in IT and financial stocks. The rebound followed global market recovery as the U.S. Treasury took steps to stabilize bond yields.

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FILE PHOTO: Statues of people and a bull are seen next to the logo of the National Stock Exchange (NSE) in Mumbai, India, September 6, 2024. REUTERS/Francis Mascarenhas/File Photo

India's Nifty 50 rose 0.64% to 24,231.85 on Thursday afternoon, ending a seven-session losing streak. The recovery was driven by IT and financial shares following a global bond market stabilization.

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