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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

2 min read Last Updated : Dec 24 2020 | 12:59 AM IST

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

Topics : Brexit Coronavirus IT stocks Infosys TCS stock market Markets Sensex Nifty

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