{"id":42693,"date":"2024-01-12T10:26:37","date_gmt":"2024-01-12T10:26:37","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/01\/12\/sensex-nifty-rally-led-by-it-stocks-3\/"},"modified":"2024-01-12T10:26:37","modified_gmt":"2024-01-12T10:26:37","slug":"sensex-nifty-rally-led-by-it-stocks-3","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/01\/12\/sensex-nifty-rally-led-by-it-stocks-3\/","title":{"rendered":"Sensex, Nifty Rally Led By IT Stocks"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares posted strong gains on Friday, helped by a sharp rally in IT stocks. <\/p>\n<p>Infosys reported inline results and TCS&#8217;s results beat estimates, helping investors shrug off a rally in oil prices and diminished expectations for a Fed rate cut in March. <\/p>\n<p>The benchmark S&amp;P BSE Sensex hit a record high of 72,720.96 before closing up 847.27 points, or 1.18 percent, at 72,568.45.<\/p>\n<p>The broader NSE Nifty index settled higher by 247.35 points, or 1.14 percent, at 21,894.55 after having hit a record high of 21,928.25 earlier in the session. <\/p>\n<p>Infosys jumped more than 8 percent after reporting better-than-expected earnings for the third quarter of FY24.<\/p>\n<p>TCS rallied 3.9 percent after reporting a marginal rise in consolidated net profit for the December quarter.<\/p>\n<p>Wipro surged 4 percent and HCL Technologies climbed 4.7 percent ahead of their earnings results later in the day.<\/p>\n<p>Among other prominent gainers, LTIMindTree, Tech Mahindra and ONGC jumped 5-6 percent. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Sensex, Nifty Rally Led By IT Stocks<\/a><br \/>\n<br \/>2024-01-12 10:26:37<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares posted strong gains on Friday, helped by a sharp rally in IT stocks. Infosys reported inline results and TCS&#8217;s results beat estimates, helping investors shrug off a rally&#8230;<\/p>\n","protected":false},"author":2,"featured_media":42694,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1535139262971-c51845709a48?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=1950&q=80","fifu_image_alt":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-42693","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/42693","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=42693"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/42693\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/42694"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=42693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=42693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=42693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}