Benchmark indices extend winning streak as commodity prices moderate

The benchmark indices continued their winning run for the third consecutive session as investors assessed whether slowing economic growth and moderating commodity prices will prompt central banks to be less aggressive in hiking interest rates.
 

Buying in IT stocks – spurred by a global trend – accounted for the bulk of the gains in the benchmark indices.
 

The Sensex rose as much as 781 points, or 1.5 per cent, during the day, but failed to hold on to the gains because of selling pressure from foreign investors. However, the net outflows from foreign portfolio investors (FPIs) of Rs 1,278 crore