Indian Shares Post Best Week on IT Earnings
Indian benchmark indexes recorded their strongest weekly performance in six months driven by a sharp rally in IT stocks. Strong quarterly earnings and positive commentary boosted the sector. Investors now await upcoming major bank results and the Jio Platforms IPO.
Xurve View
Insights:
Xurve View
Indian share benchmarks posted their best weekly performance in six months on Friday, driven by a surge in IT stocks and value-buying. The Nifty 50 rose 2.8% to 23,146.15, while the Sensex added 3.1% to 74,729.27.
