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Sensex Jumps Above 61,000; Nifty Closes At 18,338

Indian shares rose for the sixth straight session on Thursday amid firm global cues and the weekly F&O expiry.

Investors cheered strong earnings results from some top IT companies as well as data showing a slowing of the annual rate of inflation based on the monthly wholesale price index.

Closing above the 61,000-mark for the first time, the 30-share BSE Sensex ended the session up 568.90 points, or 0.94 percent, at 61,305.95.

Likewise, the broader NSE Nifty index soared as much as 176.80 points, or 0.97 percent, to reach a new record closing high of 18,338.55.

Adani Ports led the gainers list to rise over 7 percent while ITC, HDFC Bank, Grasim Industries and Wipro rallied 3-5 percent.

On the flip side, HDFC Life, HCL Technologies, Eicher Motors, Tata Motors and Coal India fell 1-3 percent.

Global cues were supportive as expectations of a strong earnings season helped offset concerns about inflation and policy tapering by the Federal Reserve.

After JPMorgan kicked off big bank earnings with stellar results, investors await more U.S. earnings to assess how companies are positioned to deal with risks including inflation and higher energy prices.

UnitedHealth Group, Citigroup, Morgan Stanley and Bank of America are due to report ahead of the U.S. opening bell.

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