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$18.6 0.3  1.7%

Last Trade - 06/05/21

Sector
Technology
Size
Large Cap
Market Cap £56.52bn
Enterprise Value £54.48bn
Revenue £9.83bn
Position in Universe 161st / 6854

Indian shares rise after TCS, Wipro buyback plans

Thu 8th October, 2020 5:03am
BENGALURU, Oct 8 (Reuters) - Indian shares rose on Thursday
as IT stocks gained after Tata Consultancy Services decided to
buy back up to $2.2 billion in shares and smaller-rival Wipro
 WIPR.NS   said it would consider stock repurchase.
    The NSE Nifty 50 index  .NSEI  rose 0.93% to 11,848.20 as of
0348 GMT, while the S&P BSE Sensex  .BSESN  was up 0.95% to
40,258.52.
    Shares of Tata Consultancy Services  TCS.NS  rose as much as
4.8% to a record high of 2,877.9 rupees as operating margins for
the September quarter rose to 26.2% from 24% a year earlier. The
Nifty IT index  .NIFTYIT  was up 3.7%.

 (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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