Sensex, Nifty Rise Nearly 1% on IT Rally, Crude Dip and India-Japan Pacts

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Indian stock markets posted strong gains on Thursday, with the Sensex and Nifty50 each rising close to 1%. A broad-based rally in IT stocks was a primary driver of the upward movement. Falling crude oil prices further lifted investor sentiment by easing inflation and fiscal concerns. Positive developments from new India-Japan strategic agreements covering economic and defence cooperation also boosted confidence. The market extended its recent upward trend despite some weakness among select blue-chip stocks.

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