The Nifty IT index jumped 3.61%, with TCS gaining 2.9% ahead of its results. The stock was among the top boosts to the Nifty 50., , sensex, nifty, equity investments, share markets, stock market, COVID-19
By Reuters Staff
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BENGALURU (Reuters) - IT services’ stocks powered Indian shares to record closing highs on Friday, as the sector kicks off the third-quarter earnings season, with Tata Consultancy Services set to report its results later in the day.
FILE PHOTO: A man walks out of the Bombay Stock Exchange (BSE) building in Mumbai, India, January 3 2020. REUTERS/Francis Mascarenhas/File Photo
The blue-chip NSE Nifty 50 index closed up 1.48% at 14,347.25 and the benchmark S&P BSE Sensex gained 1.43% to 48,782.51. Both indexes ended the first trading week of the new year with gains of 2.3% and 1.9%, respectively.
Aiding sentiment, global markets soared to record highs on hopes of an economic recovery later in the year. [MKTS/GLOB]