Indian equity indices, Sensex and Nifty, experienced a significant early boost fueled by a rally in IT stocks and positive Asian market trends. Infosys, despite a lower-than-expected 7.3% dip in Q3 net profit, saw over a 6% rise in early trade. TCS reported an 8.2% growth in net income for the same quarter, propelling its shares nearly 4% higher. Other notable gainers included Wipro, Tech Mahindra, HCL Technologies, and JSW Steel. Market analysts suggest the positive response is due to the absence of negative news in the management commentary.
IT Stocks Drive Surge in Indian Markets; Infosys and TCS Report Mixed Q3 Results
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