[BENGALURU] Australian shares edged up on Thursday, tracking the broader global rally after the U.S central bank signalled possible interest rate cuts although wider gains were capped by a weaker mining sector on concerns about increased iron ore supply.
While broader sentiment was cheered by the Fed comments, a few heavyweight resources-oriented stocks capped broader gains. Caltex's rival Viva Energy Group dropped about 10 per cent, while the Australian energy subindex fell 1.7 per cent. Caltex was the biggest intraday loser on the ASX 200.
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