BSE Sensex gains for second day; IT stocks, Reliance lead

Image
Reuters MUMBAI
Last Updated : Dec 19 2014 | 4:05 PM IST

MUMBAI (Reuters) - The BSE Sensex and Nifty rose for a second consecutive day on Friday, led by gains in IT stocks after global rival Accenture Plc raised its revenue forecast, while Reliance Industries rose on bets it will roll out its telecom services in the next few months.

Tata Consultancy Services provisionally rose 2.5 percent while Infosys ended 1.5 percent higher.

Reliance Industries unofficially gained 2.3 percent.

The benchmark BSE Sensex closed 0.8 percent higher, while the broader Nifty gained 0.79 percent, averting a third consecutive weekly decline.

(Reporting by Abhishek Vishnoi; Editing by Anupama Dwivedi)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 19 2014 | 3:57 PM IST

Next Story