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Stock impact report

Sensex, Nifty hit record closes; IT, banking stocks gain [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 pares gains after new high; IT stocks up | Reuters 3 Min Read (Reuters) - Indian shares were flat on Wednesday, paring gains after scaling new peaks for a sixth consecutive session, with IT stocks boosting the indexes while broader gains were capped by profit-booking. The Nifty IT index rose as much as 3.9 percent to hit a record high and was set to post its seventh session of gains. Infosys contributed the most to the rise, climbing as much as 3.7 percent. “Valuations of growth-oriented sectors are high, so broader focus is on defensive sectors like IT and pharma. After seeing some stabilisation in quarterly numbers, investors are shifting towards IT,” said Vinod Nair, Head of Research at Geojit Financial Services. The Nifty Pharma index rose for a fourth consecutive session, climbing as much as 0.5 percent. The broader NSE Nifty was up 0.01 percent at 11,085.20 as of 0626 GMT, after rising as much as 0.24 percent to hit an all-time high of 11,110.10 points. The benchmark BSE Show less Read more
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