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INFY - Infosys News Story

$17.88 0.0  0.2%

Last Trade - 13/05/21

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

Indian shares rally for eighth day as Infosys, private sector banks shine

Mon 12th October, 2020 5:18am
BENGALURU, Oct 12 (Reuters) - Indian shares rose on Monday
for an eighth straight session, driven by gains in IT major
Infosys Ltd and private-sector lenders, while investors also
eyed inflation data due later in the day.
    The NSE Nifty 50 index  .NSEI  rose 0.6% to 11,989.00 as of
0346 GMT, while the S&P BSE Sensex  .BSESN  was up 0.7 % at
40,798.97. IT major Infosys Ltd  INFY.NS , due to report results
later this week, was up 0.6%.    
    Shares in UTI Asset Management and Mazagon Dock Shipbuilders
are set to make their debut on the exchanges later in the day,
while consumer price inflation data is due at 1200 GMT. 
    India's central bank appealed to the country's top court to
let banks classify loans as non-performing, saying a ban imposed
to help borrowers in the COVID-19 pandemic could greatly harm
the nation's financial system. That helped banking stocks,
sending the Nifty banking sub index  .NSEBANK  up 1%.
 urn:newsml:reuters.com:*:nL4N2H104Y
    

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