March 29, 2024

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Indian shares finish higher for third straight day Infosys top rated boost

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BENGALURU, March 10 (Reuters) – Indian shares notched their 3rd straight session of gains on Wednesday, lifted by Infosys and other heavyweight data technological know-how names, though auto shares snapped a losing streak.

The blue-chip NSE Nifty 50 index added .51% to near at 15,174.80, even though the benchmark S&P BSE Sensex sophisticated .50% to close at 51,279.51. The Nifty and Sensex have now attained 1.59% and 1.73%, respectively, this week.

A rebound in broader Asian markets from a two-month small also buoyed sentiment. MKTS/GLOB

In domestic trading, approximately all important sectors rose.

The Nifty IT index closed 1.67% greater, with Infosys Ltd gaining 1.7% and giving the best enhance to the Nifty 50.

The Nifty Auto Index finished up .91%, after slipping for five straight sessions. The index was supported by details from an business system that showed India’s overall passenger car profits and two-wheeler sales for February rose 17.9% and 10.2%, respectively. of solar panels and photo voltaic cells makers these as Borosil Renewables Ltd and Indosolar Ltd shut up in between 4.3% and 4.6%.

India will levy an import tax on solar modules and cells from April upcoming yr to raise local producing, Reuters described on Tuesday. Nifty power index was between the several sectors to finish in the pink, shedding .28% and including to its losses from the preceding session.

Markets are closed on Thursday for a vacation.

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