Sensex, Nifty gain for 3rd day; Pharma, IT stocks lead

Benchmark indices BSE Sensex and NSE’s Nifty 50 closed higher for the third straight day on Wednesday led by gains in IT majors Tata Consultancy Services Ltd and Infosys Ltd. Asian stocks declined as investors looked to the Federal Reserve policy decision later in the day and any clues it might give on future rate hikes, shifting focus away from the historic US-North Korea summit, Reuters reported. The Indian rupee weakened to a two-week low against the US dollar.BSE Sensex closed higher by 46.64 points, or 0.13%, to 35,739.16, while the Nifty 50 rose 13.85 points, or 0.13%, to close at 10,856.70.
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