Indian IT Stocks Lead Market Gains on Wipro AI Deal
The Nifty 50 and Sensex rose on Friday as IT stocks climbed following Wipro's expanded artificial intelligence partnership with ServiceNow. Investors remain cautious while weighing potential peace developments in the Middle East and their impact on global oil prices.
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India's Nifty 50 rose 0.13% to 23,935.45 on Friday as a 2.7% rally in IT stocks offset geopolitical uncertainty. The Sensex added 0.24% while Asian markets jumped 2% following reports of a potential shipping deal in the Middle East. Investors are tracking AI-driven growth and oil price stability to sustain the current weekly gains of 0.9%.
