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Nifty, Sensex rise on Fed policy hopes; Reliance Industries surges
- By Reuters |
- bigstories
BENGALURU - Indian shares advanced on Wednesday as hopes of easing policy stance by the U.S. Federal Reserve pushed stocks higher, while resumption of trade talks between Washington and Beijing also boosted sentiment. The Nifty moved up 0.77% at 11,781.10 as of 0418 GMT, while the Sensex climbed 0.78% at 39,352.83. Investors dared to hope that the Fed would follow the lead of the European Central Bank (ECB) at its policy meeting later in the day, after the ECB's Mario Draghi hinted at easing policy if inflation fai...
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