IT stocks lead Indian equities higher on potential end to US government shutdown

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India's Nifty 50 and Sensex up 0.6% each, set to snap a three-session losing streak.
Fifteen of the 16 major sectors rise, led by IT stocks with a 2% jump.
Broader small-caps and mid-caps up 0.5% each.
IT companies, which get substantial chunk of revenue from the United States, surge on optimism over a potential end to federal government shutdown.
Four of top six Nifty gainers were IT stocks, with TCS, HCLT ech, Wipro and Infosys up between 1.5% and 2.8%.
Improving earnings prospects also aid stocks in broader market, as per analysts.
Bucking the upbeat trend, Trent slumps 7% after posting its slowest quarterly revenue growth since 2021.

Sumber : Reuters

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