• Times Now | 15-Jul-2021 11:05

    IT Shines As Benchmark Indices Trade With Narrow Gains; Broader Market Outperforms

    Infosys’ stellar performance in the first quarter of the financial year and the revision in its revenue guidance for the full year propelled IT companies higher for a second day in a row. Infosys itself was trading flat along with Tata Consultancy Services. However, the likes of HCL Tech, Tech Mahindra and Wipro ahead of its earnings announcement today were all trading with gains of 2.5% and more. With oil in focus once more and a deal likely to be struck between the UAE and Saudi Arabia to increase production, ONGC lost ground. It was the biggest loser on the Nifty 50, down 2.7%. The broader markets outperformed the benchmarks once ore, with the small cap index gaining over 1% and the mid cap index up close to 0.4%.

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