Sensex, Nifty Trade Higher With IT Stocks In Focus
(RTTNews) - Indian shares traded higher on Friday as investors digested key earnings and awaited IIP and CPI data later in the day for clues to RBI's upcoming interest-rate decisions.
Global cues remain mixed following cautious comments from Fed officials after the release of hotter-than-expected U.S. consumer price inflation data.
Investors also watched oil price movements closely after U.K. allowed military action in Yemen.
The benchmark S&P BSE Sensex was up 396 points, or 0.6 percent, at 72,129 while the broader NSE Nifty index was up 110 points, or half a percent, at 21,756.
Infosys jumped 7 percent after reporting better-than-expected earnings for the third quarter of FY24.
TCS rallied 4 percent after reporting a marginal rise in consolidated net profit for the December quarter.
Wipro surged over 4 percent and HCL Technologies climbed 3 percent ahead of their earnings results later in the day.
IRCTC rose 1.3 percent, IRFC soared almost 5 percent and RVNL added 2.3 percent on expectations that they will benefit from the inauguration of Ram Mandir in Ayodhya.
UltraTech Cement fell about 1 percent on news it will buy a 26 percent stake in Amplus Ages.
HG Infra jumped 3.5 percent after it was declared L-1 bidder for a project worth Rs 716 crore by Central Railway.
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