Auto, IT stocks give Sensex a 689 point boost, Nifty ends near 14,350
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.
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UPDATED: January 8, 2021 16:44 IST
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. (Photo: Reuters)
IT stocks lift Indian shares to record closing highs ahead of TCS results. 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.
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
2 Min Read
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]