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Indian shares close higher as Fed chief rekindles rate-cut hopes

Thursday,   11-Jul-2019   03:59 PM (IST)

Indian shares ended higher on Thursday, driven by broad-based gains and tracking strength across global equities, after dovish comments by U.S. Federal Reserve Chairman Jerome Powell reignited rate-cut hopes. The broader NSE index closed up 0.73% at 11,582.90, while the benchmark BSE index settled 0.69% higher at 38,823.11. Zee Entertainment Enterprises Ltd and JSW Steel Ltd were the top two gainers on the NSE index. Zee closed nearly 8% higher while JSW Steel finished the session 4.86% up.