Indian shares rose on Thursday, aided by an uptick in consumer and pharma stocks, after the U.S. Federal Reserve left rates unchanged as anticipated but hinted at the possibility of more hikes later this year.Both benchmarks were less than 1% below their all-time highs. The midcap index hit a new record high on Thursday, while the smallcap shares rose as much as 0.43% to post a fresh 52-week high."Not just the benchmarks, the smallcaps and midcaps have seen tremendous run-up in the recent weeks," said Saurabh Jain, assistant vice president for retail equities research at SMC Global Securities. "The markets are likely to take a pause, and a slight correction would only be healthy".Five of the 13 major sectoral indexes declined, with high-weightage IT index down over 0.5%.IT stocks, which are sensitive to interest rates in the U.S. due to the significant share of revenue earned from the country, fell after the Fed kept rates unchanged for the first time in 17 months b
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