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FX.co ★ Sensex, Nifty Extend Gains For Fourth Day

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typeContent_19130:::2024-06-14T11:34:00

Sensex, Nifty Extend Gains For Fourth Day

Indian shares saw a modest increase on Friday, marking the fourth consecutive session of gains, driven by new producer price data indicating a disinflationary trend in the world's largest economy.

However, the market's upward momentum was limited by growing concerns over the European Union's political landscape and an escalating trade dispute regarding increased tariffs on Chinese electric vehicles.

The benchmark S&P BSE Sensex closed the session up by 181.87 points, or 0.24%, at 76,992.77. Meanwhile, the broader NSE Nifty index ended at 23,465.60, gaining 66.70 points, or 0.29%, from the previous close.

Leading the gains, Titan Company, Shriram Finance, Mahindra & Mahindra, Adani Ports, and Eicher Motors rallied between 2% and 3%.

Conversely, IT stocks underperformed with HCL Technologies, Wipro, TCS, and Tech Mahindra each declining by approximately 1%.

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