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Stock impact report

Sensex, Nifty rise on IT gains; worries over border tensions, virus linger [Reuters]

Infosys Limited American Depositary Shares (INFY) 
Last infosys limited american depositary shares earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: infosys.com/investors
Company Research Source: Reuters
Sensex, Nifty rise on IT gains; worries over border tensions, virus linger BENGALURU (Reuters) - Indian shares rose on Friday, bolstered by information technology stocks, but gains were limited as investors remained nervous about rising coronavirus cases and border tensions with China. The Nifty rose 0.52% to 10,340 and the Sensex was up 0.5% at 35,010 as of 0513 GMT. Both indexes surged more than 1% earlier in a volatile trading session. The Nifty information technology index was the top gainer, rising 3.7%. Infosys Ltd and Tata Consultancy Services Ltd rose 5.1% and 4%, respectively, providing the biggest boost to the blue chip index. “Because of concerns over economic degrowth and rising infections ... sectoral churning is happening with money moving to safety,” said Saurabh Jain, assistant vice president of research at SMC Global Securities in New Delhi. “Markets are looking at the balance sheet and cash flows. Big IT companies have such balance sheets and can easily adapt to situ Show less Read more
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