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IT rally powers markets over 1%; Sensex, Nifty end week with marginal losses
Indian equity indices saw a rise on Friday, boosted by information technology stocks. Tata Consultancy Services' earnings met expectations, easing sector concerns which helped the market. The benchmark indices, however, finished the week marginally lower, ending a winning streak. Renewed West Asia tensions kept investor optimism in check earlier in the week. Brent crude futures traded above $76 a barrel on Friday evening.
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thehindubusinessline.com
Nifty rebounds 137 points at open after worst day in three months; IT stocks drag as TCS results due
Nifty rebounds 137 points as Sensex rises, but IT stocks lag ahead of TCS results amid geopolitical tensions and crude price spikes.
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Markets shrug off West Asia tensions, close in the green
Sensex rose 238 points and Nifty recovered as easing crude prices and FII buying lifted markets. Focus now shifts to TCS results and the IT earnings season.
