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Sensex, Nifty Snap Three-day Losing Streak

Indian shares ended a range-bound session modestly higher on Thursday, with metal companies and financials leading the surge.

Positive global cues helped underpin sentiment after Fed Chair Jerome Powell said that the economy is "still a ways off" from reaching a standard of "substantial further progress" to withdraw stimulus measures.

The benchmark 30-share BSE Sensex ended the session up 209.36 points, or 0.40 percent, at 52,653.07, snapping its three-day losing run.

The broader NSE Nifty index rose by 69.05 points, or 0.44 percent, to 15,778.45 as futures and option contracts for the month of July expired.

Hindalco shares soared as much as 10.2 percent amid improved business outlook for the sector.

Tata Steel stock price hit a 52-week high before ending 6.8 percent higher at Rs. 1,458 on the NSE.

JSW Steel, Bajaj FinServ and SBI rallied 3-4 percent while Maruti Suzuki India fell 2.3 percent after reporting lower-than-expected quarterly profit.

Coal India, ITC, Bajaj Auto and Power Grid Corp dropped 1-2 percent.

Tejas Networks jumped 5 percent after an announcement that an arm of Tara Sons will acquire a controlling stake in the telecom and network firm.

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