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Indian Sensex rises 0.5%, driven by financial and technology stocks

Indian Sensex rises 0.5%, driven by financial and technology stocks

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Updated October 17, 2023 at 12:23 a.m. ET

04:17 GMT — Indian stocks are rising, driven by gains in financial and technology stocks, as initial fears of an escalation of conflict in the Middle East fade. Bajaj Finance is up 1.2% and Tech Mahindra is 0.8% higher. Among individual movers, CEAT is up 7.0% after a sharp increase in second quarter net profit year-on-year. ICICI securities is 3.9% higher after second quarter net profit increased 41% year-on-year. Investors are focusing on the results and latest developments in the war between Hamas and Israel. The benchmark Sensex rose 0.5% to 66482.68. (kosaku.narioka@wsj.com; @kosakunarioka)

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With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
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