February 18, 2024
Indian Stock Markets Reach New Highs on IT Sector Performance
Finance Stock Markets

Indian Stock Markets Reach New Highs on IT Sector Performance

Indian Stock Markets Reach New Highs on IT Sector Performance

Indian Stock Markets Reach New Highs on IT Sector Performance

Today, India’s benchmark indexes, Nifty and Sensex, reached all-time highs, driven by strong performance in IT services firms. The NSE Nifty 50 rose 1.22%, reaching 21,911 points, while the S&P BSE Sensex climbed 1.31% to 72,661. Notably, Tata Consultancy Services shares increased by 4.3%, and Infosys surged by 7%, both reporting better-than-expected revenue in the third quarter. The positive results in the IT sector contributed to a 5% gain in the IT index. In Asian markets, Tokyo, Shanghai, and Hong Kong traded higher, while Seoul showed a decline. In the US, markets mostly ended in the green on Thursday.

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