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IT rally powers markets over 1%; Sensex, Nifty end week with marginal losses

Mumbai: Indian equity indices rose over 1% on Friday, led by information technology stocks after Tata Consultancy Services' June-quarter earnings met market expectations, easing concerns over a weak earnings season for the sector. The benchmark indices, however, ended the week marginally lower, snapping a four-week winning streak, as renewed tensions in West Asia earlier in the week kept investor optimism in check. The NSE Nifty 50 rose 244.1 points, or 1%, to close at 24,206.9 on Friday, while…

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Economic TimesLean R·2h ago
IT rally powers markets over 1%; Sensex, Nifty end week with marginal losses
Mumbai: Indian equity indices rose over 1% on Friday, led by information technology stocks after Tata Consultancy Services' June-quarter earnings met market expectations, easing concerns over a weak earnings season for the sector. The benchmark indices, however, ended the week marginally lower, snapping a four-week winning streak, as renewed tensions in West Asia earlier in the week kept investor optimism in check. The NSE Nifty 50 rose 244.1 points, or 1%, to close at 24,206.9 on Friday, while…
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Economic TimesLean R

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IT rally powers markets over 1%; Sensex, Nifty end week with marginal losses

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IT rally powers markets over 1%; Sensex, Nifty end week with marginal losses

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