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Sensex edges higher; TCS gains on hopes of share buyback

Reuters 

By Jessica Kuruthukulangara(Reuters) - Indian shares edged higher or Wednesday, set for their third straight winning session, as top software services exporter Tata Consultancy Services Ltd gained on hopes that it would buy back stock, while solid monthly industrial growth data on Tuesday boosted market sentiment. Industrial output grew 4.9 percent in April from a year earlier, driven by a pick up in manufacturing, while annual retail inflation accelerated to a four-month high in May, driven by higher fuel prices and a depreciating rupee, government data showed on Tuesday."There is still an ...

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First Published: Wed, June 13 2018. 11:52 IST
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