IT, banks power gains on India's Nifty, Sensex

L&T Technology Services

09/01/2024 07:56

** Benchmarks Nifty 50  .NSEI  and Sensex  .BSESN  gain over
0.9% each; banks and IT stocks rebound after dropping in
previous session 
    ** Nifty IT index  .NIFTYIT  and Nifty Banks index
 .NSEBANK  top gaining indexes, up 1.3% and 0.8% each 
    ** L&T Technology Services  LTEH.NS  and Coforge  COFO.NS 
top gainers on Nifty IT, Kotak Mahindra Bank  KTKM.NS  and
IndusInd Bank  INBK.NS  lead gains on Nifty Banks 
    ** Markets likely to be influenced by upcoming quarterly
earnings from major IT companies like TCS and Infosys, as well
as global market trends- Centrum
    ** Domestic December inflation data and November industrial
production data also key monitorables, Centrum adds 
    ** Hero MotoCorp  HROM.NS , Bajaj Auto  BAJA.NS  among top
gainers on the Nifty, up 3.3% and 1.5% each
    ** Data from FADA showed sales of motorcycles and scooters
rose 28% to 1.45 mln units in Dec., powering gains in India's
largest two-wheeler maker, HROM
    ** BAJA shares hit record high on its 40 billion rupees
(nearly $482 million) share buyback plan, at a
higher-than-expected 43% premium
    

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))