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Markets up on gains in IT stocks, Adani's mega investment plans
Mint Mumbai
|January 11, 2024
India's Nifty 50 and Sensex rose on Wednesday, led by gains in IT companies ahead of quarterly results and boosted by a jump in some Adani group stocks on the conglomerate's plan for a $24 billion investment.
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The blue-chip NSE Nifty 50 - gained 0.34% to 21,618.70 points, while the S&P BSE Sensex added 0.38% to 171,657.71. Both the benchmarks lost about 0.5% each, before reversing gains in the final hour. IT stocks rose 0.5%. Market leaders TCS and Infosys are due to report quarterly results on Thursday, kicking off the earnings season in earnest.
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