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Sensex up, pharma shares down on Donald Trump’s outburst

Indian shares edged up on Thursday, led by IT stocks on hopes US President-elect Donald Trump may not proceed with stringent visa rules. Gains were, however, limited as pharma stocks fell on Trump’s comment that drug makers were “getting away with murder” in what they charge the government for medicines, and promised that would change. However, he did not make any announcements on potentially tougher visa rules for software services exporters, a concern for the sector ever since his election. 

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