Indian equity benchmark -- Nifty -- ended Thursday’s session with gains of over half a percent driven by value buying in Metal and IT sectors stocks. Market made a slightly positive start and traded near neutral line in early deals as traders avoided to take risk. Further, index managed to gain traction and remained higher amid foreign fund inflows. Foreign Institutional Investors (FIIs) extended their buying streak for the second consecutive session on October 8, purchasing equities worth Rs 81.28 crore, according to exchange data.
In afternoon session, market continued to trade in green, as some optimism came with Commerce and Industry Minister Piyush Goyal’s statement that India and the US are in continuous dialogue on the proposed bilateral trade agreement, and all possibilities are there to meet the November deadline for concluding the talks. Market maintained its upward momentum till the end of the session. Traders took note of report that Prime Minister Narendra Modi welcomed the agreement over the first phase of US President Donald Trump's Gaza peace plan and expressed hope for ‘lasting peace’. The agreement comes after two years of ongoing conflict between Israel and Hamas. Finally, Nifty ended above 25,150 mark.
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