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INFY - Infosys News Story

₹1125 -15.9  -1.4%

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Sector
Technology
Size
Large Cap
Market Cap £49.10bn
Enterprise Value £46.99bn
Revenue £9.60bn
Position in Universe 5th / 3023

Indian shares rise as bank, IT stocks gain ground

Fri 16th October, 2020 5:18am
BENGALURU, Oct 16 (Reuters) - Indian shares rose on Friday
as banks and IT stocks recovered from a sell-off in the previous
session, with sentiment getting a boost from China-led gains in
Asia.
    The NSE Nifty 50 index  .NSEI  was up 0.48% at 11,736.50 by
0345 GMT, while the S&P BSE Sensex  .BSESN  was up 0.66% at
39,989.80.
    The Nifty Bank  .NSEBANK  index, which ended 3.4% lower in
the previous session, rose 1% on Friday morning, led by a 1.3%
rise in HDFC Bank  HDBK.NS  and 1.9% gain in IndusInd Bank
 INBK.NS .
    The Nifty IT index  .NIFTYIT  rose 1.3%, with Infosys
 INFY.NS  rising 1.6% to be among the top gainers on the Nifty
50. 
    Gains in bank and IT stocks this month have helped Indian
equities rise for 10 straight sessions as of Wednesday's close.
    

 (Reporting by Philip George in Bengaluru; Editing by Arun
Koyyur)
 ((P.George@thomsonreuters.com; +91 8061822657; Reuters
Messaging: p.george@thomsonreuters.net))
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