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Nifty, Sensex rise for sixth session on IT stocks

Reuters 

By Vishal Sridhar(Reuters) - Indian shares edged higher on Thursday and extended their gains into a sixth session, driven by information technology stocks, although falls in banks and oil marketing companies capped the rise.The Nifty IT index rose as much as 2.9 percent to its highest since February 2 and was headed for a third consecutive session of gains on a weakening rupee and expectations of positive quarterly results. On Wednesday, it broke above a resistance from its descending trend line, suggesting that there was no more selling pressure.Software services exporter Infosys Ltd will ...

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First Published: Thu, April 12 2018. 12:27 IST
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