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Sensex climbs 639 pts, Nifty tops 15,800; IT, metal stocks outperform

Signs of a strong corporate earnings season lifted demand for risky equities

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SI Reporter  | New Delhi 

EVENT HIGHLIGHTS

Stock market updates: Benchmark indices snapped their three-day losing run and closed over a per cent higher on Thursday,  as signs of a strong corporate earnings season and expectations that the central banks will stick to a dovish stance, at least in the near-term, lifted demand for risky equities.

The headline index closed the session at 52,837 levels, up 639 points while the broader shut shop at 15,825, up 193 points. The broader markets, on the other hand, outperformed and rallied over 1.5 per cent higher each.

Sectorally, the Nifty Metal index added over 3 per cent on the NSE, trailed by the Nfty IT and Realty indices, up around 2 per cent each.

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