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Indian shares rise; TCS market cap crosses $100 bln [Reuters]

WIPRO (WIT)  More Company Research Source: Reuters
Last wipro earnings: 4/26 04:03 pm Check Earnings Report
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PDF Indian shares rise; TCS market cap crosses $100 bln | Reuters Reuters Staff 2 Min Read * NSE index up 0.44 pct, BSE index 0.36 pct higher * TCS shares hit record high * Reliance Industries, Wipro results this week By Tanvi Mehta April 23 (Reuters) - Indian shares rose on Monday, with software services exporter Tata Consultancy Services (TCS) crossing $100 billion in market capitalisation, which helped boost sentiment in IT stocks. TCS shares gained as much as 4.6 percent to hit a record high of 3,557.90 rupees. Strong results from the company and Infosys Ltd, coupled with a weakening of the rupee, have led to buying in the sector. The Nifty IT index gained as much as 2 percent to touch a record high. The Indian rupee fell to as low as 66.235 against the dollar, its weakest level since March last year. It has fallen 1.5 percent so far this month. The broader NSE index was up 0.44 percent at 10,610.60 as of 0521 GMT, driven by TCS and Reliance Industries Ltd. The benchmark BSE index was [Read more]

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