Nifty gains; IT stocks, blue-chips up

Image
Reuters
Last Updated : Sep 05 2014 | 10:40 AM IST

Reuters Market Eye - The Nifty was trading in positive territory on Friday, bouncing back after closing in the red in the previous session. The 50-share index was up 0.14 percent as of 10.22 a.m.

Software stocks gained on continued hopes of better business in the U.S. and Europe on recent positive macro data.

Infosys was up 1.1 percent while Tata Consultancy Services gained 0.92 percent.

Blue chips also gained on value buying after recent falls.

ICICI Bank was up 0.02 percent after falling 1.7 percent in previous three sessions.

Next on watch, U.S. jobs data scheduled later in the day.

Also Read

(Reporting by Abhishek Vishnoi)

*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: Sep 05 2014 | 10:25 AM IST

Next Story