Indian shares edge higher on IT rally and earnings
Indian shares inched higher on Friday as a rally in IT stocks and positive quarterly results offset pressure from rising crude oil prices. The Nifty 50 and Sensex both gained despite losses in most major sectors.
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Indian shares rose during Friday morning trade, driven by a rebound in technology stocks and strong corporate earnings that offset rising energy costs. The benchmark Nifty 50 added 0.24% to 22,987.40, while the Sensex rose 0.25% to 74,332.39. Both benchmarks are on track to snap a two-month losing streak with gains of 1.6% and 2.5% respectively for October.
