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Indian Shares Pare Early Gains; IT Stocks Lead

September 9, 2022

Positive global cues helped Indian shares surge higher on Friday, but markets ended well off their highs following recent strong gains.

Investor sentiment was underpinned after both Fed Chair Jerome Powell and ECB chief Christine Lagarde confirmed an aggressive tightening path to fight inflation, as widely expected.

The benchmark S&P/BSE Sensex ended the session up 104.92 points, or 0.18 percent, at 59,793.14, after having hit a high of 60,119.80 earlier in the session.

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