Indian equity indices closed on a positive note on Wednesday, continuing the gaining momentum for the third consecutive session this week amid persistent buying in the IT, pharma and auto sectors.

Sensex ended the session at 84,466.51, up 595.19 points or 0.71 per cent. The 30-share index started the session with a huge gap-up at 84,238.86 against last session’s closing of 83,871.32. The index continued the early momentum to hit the intra-day high at 84,652.01 amid heavy buying in IT and auto heavyweights.

Nifty closed at 25,875.80, up 180.85 points or 0.70 per cent.

“Global equities rallied on renewed risk appetite, driven by optimism over the anticipated resolution of the U.S. government shutdown and growing expectations of early Fed cuts amid signs of a cooling U.S labour market,” sa

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