Indian Stock Market Hits Historic Highs Driven by IT Stocks

Indian Stock Market Hits Historic Highs Driven by IT Stocks

VoM News Desk | January 12, 2024 | 05:26 PM IST | Breaking News | Follow on Google News

Indian Stock Market Hits Historic Highs Driven by IT Stocks/ANI

Indian Stock Market Hits Historic Highs Driven by IT Stocks

The Indian equity market, including Nifty 50 and Sensex, experienced robust gains on January 12, reaching new all-time highs. The stellar performance of IT giants like Infosys and TCS, with better-than-expected December quarter earnings, fueled the optimistic sentiment. Infosys shares surged by 8%, and TCS shares rose by 4%, leading the Nifty IT index to a gain of over 5%. The overall market capitalization of BSE-listed firms rose to nearly ₹373.4 lakh crore in a single session. Key sectoral indices, including IT, PSU Bank, and Realty, recorded substantial gains, while Nifty Media, Healthcare, Auto, and Pharma faced minor declines.

Note: The article provides insights into the Indian stock market’s performance, highlighting key gainers and losers, sectoral indices, and expert views.

VoM News Desk

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