Indian shares muted as gains in IT, financials offset broader losses
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Indian shares struggled for direction on Thursday after three consecutive sessions of losses. Gains in financials and IT stocks offset broader sector losses. The Nifty 50 was up 0.05% and the BSE Sensex was flat. Market direction remains uncertain due to a lack of major triggers and concerns over foreign outflows and the rupee's decline. Tata Consultancy Services rose 0.7%, while HDFC Asset Management and Nippon Life India Asset Management jumped 5% each. Hero MotoCorp dropped 2.7% after a downgrade, and Tata Motors gained 2.1% on a positive rating.
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