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INFY - Infosys News Story

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Sector
Technology
Size
Large Cap
Market Cap £54.21bn
Enterprise Value £52.20bn
Revenue £9.73bn
Position in Universe 163rd / 6851

Indian shares open higher on gains in IT stocks, Reliance boost

Tue 16th March, 2021 4:10am
BENGALURU, March 16 (Reuters) - Indian shares opened higher
on Tuesday after closing lower in the previous session, helped
by gains in heavyweight information technology stocks and
conglomerate Reliance Industries.
    The blue chip NSE Nifty 50 index  .NSEI  rose 0.46% to
14,998.50 and the benchmark S&P BSE Sensex  .BSESN  added 0.45%
to 50,622.16 by 0356 GMT.
    A renewed surge in COVID-19 cases, a jump in February
inflation to a three-month high and a fall in January industrial
output had led the Nifty to drop as much as 1.90% and the Sensex
1.96% on Monday.
   Information technology stocks, which helped pare losses
towards the close the previous session, continued their gains on
Tuesday. 
    The Nifty IT index  .NIFTYIT  rose 0.56%. Software services
provider Infosys Ltd  INFY.NS  added 0.8% and was the top boost
to the Nifty 50. Oils-to-telecom conglomerate Reliance
Industries Ltd  RELI.NS  gained 0.3%.
    Tata Communications Ltd  TATA.NS  fell 6.2% after the
telecoms services provider said the government would sell up to
a 10% stake in the company through an offer for sale, at a
discounted floor price to the stock's last close.  urn:newsml:reuters.com:*:nFWN2LD0V8
    Broader Asian markets were set to open higher, following
record highs on Wall Street overnight, amid investor optimism
over vaccinations and approval of the U.S. $1.9 trillion
stimulus bill.  MKTS/GLOB 
         

 (Reporting by Anuron Kumar Mitra in Bengaluru; Editing by Arun
Koyyur)
 ((AnuronKumar.Mitra@thomsonreuters.com; +91 99863 58469;))
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