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Gains in IT stocks, Brexit agreement hope push markets further up

The gains in the indices were led by IT majors Infosys and TCS

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Wipro shares rose close 6 per cent on Wednesday after the company announced a $700-million deal with German food wholesaler Metro AG for five years to provide IT services

Sundar Sethuraman Thiruvananthapuram
The benchmark indices gained for the second straight day on Wednesday, after starting the week with the biggest single-day loss in seven months.  Gains in IT stocks, the reopening of trade and transport links between the UK and France, and the possibility of a Brexit agreement cheered investors.

The gains in the indices were led by IT majors Infosys and TCS.  Infosys on Tuesday in an exchange filing said it had won a multi-year deal from German automotive major Daimler for an IT infrastructure transformation. Wipro shares rose close 6 per cent on Wednesday after the company announced a $700-million deal