Indian shares gained on Thursday after the U.S. Federal Reserve stuck to script with a 25 basis-point rate hike and said it is no longer forecasting a recession, with pharma and metal stocks getting a further boost from strong quarterly results.Ten of the 13 major sectoral indexes advanced with pharma index jumping 1.95%. The rise in pharma stocks comes after drugmakers Dr Reddy s Laboratories and Cipla beat the June quarter profit view on strong domestic and North America sales.Cipla rose 8.84% to hit a nine-month high. Dr. Reddy s gained 1.32% after strong results. The stock had gained over 3% in the last three sessions ahead of the results.The metal index gained 1.05% to hit a six-month high led by 2.58% rise in Jindal Stainless after the company reported 50% rise in June quarter profit.On the other hand, auto index fell 0.6%, dragged by 6.14% slide in Mahindra & Mahindra after buying 3.53% stake in private lender RBL Bank.Asian markets edged higher after the Fed delivered a 25
"Netweb Technologies is well-positioned to benefit from the growth of the high-end computing market in India, as it has a strong focus on the niche business segment of high-end computing solutions," said Anubhuti Mishra, Equity Research Analyst at Swastika Investmart.