Sensex gains on positive corporate earnings

Indian shares edged higher for a second consecutive session on Thursday as improved corporate earnings lifted sentiment, but broader gains were capped ahead of expiry of monthly derivatives contracts. Shares also got a boost after the Federal Reserve said near-term risks to the U.S. economic outlook had diminished, but gave no firm indication of whether it would raise rates at its next policy meeting in September. Foreign investors have net bought Indian shares for 13 consecutive sessions as of