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Indian shares traded higher in early trade on Thursday, as optimism about the Federal Reserve ending its interest rate hikes outweighed mixed macroeconomic data and muted earnings from IT majors.
Indian shares opened on a positive note Wednesday, mirroring firm cues from global markets ahead of key U.S. inflation data due out later in the day. The benchmark S&P BSE Sensex was up 98 points, or 0.
Stocks to Watch on Thursday: JSW Steel will replace HDFC in the S&P BSE Sensex effective from July 13. Moreover, Zomato will replace the stock in S&P BSE 100 index
Based on the OI percentage, 55 stocks were on the short-covering list. These included MCX India, IDFC First Bank, Indraprastha Gas, HDFC AMC, and Indiabulls Housing Finance.
The Nifty Realty index was trading 0.53 per cent up at 524.9.