Indian IT Stocks Rise, Nifty IT Gains 3% in Morning Trade
TCS, HCL Tech, Wipro, Tech Mahindra and Infosys rose, with some shares up as much as 5%, while the Nifty IT index gained 3%.
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TCS, HCL Tech, Wipro, Tech Mahindra and Infosys rose, with some shares up as much as 5%, while the Nifty IT index gained 3%.
(Updates for morning trade) By Vivek Kumar M Oct 13 (Reuters) — Indian equities rose in early trade on Tuesday, as better-than-expected earnings from software exporter HCLTech spurred investors to pick up beaten-down IT stocks with the central bank's support for the domestic currency also easing sentiment. The Nifty 50
Indian shares edged higher, with the Nifty 50 up 0.35% and the Sensex up 0.34%. Banks and Trent led the gains on positive quarterly updates, while global cues and anticipation of a central bank policy decision supported sentiment.
Nifty 50 fell 1.16% and Sensex 1.18% as Brent crude rose 2.3% to about $106.7 a barrel.
Indian shares were likely to open higher on Tuesday, mirroring gains in Wall Street and Asian stocks, supported by easing crude prices and Treasury yields. GIFT Nifty futures indicated a positive start for the benchmark Nifty 50 index. Brent crude futures hovered around $101 per barrel after dropping for four consecuti