India, Jan. 16 -- India's stock market rose today, supported by a surge in IT stocks after Infosys Ltd. raised its full-year revenue growth outlook.
At 10:20 am, the Nifty 50 rose 0.64% to 25,830.95, while the 30-share Sensex added 0.73% to 83,995.35. Fourteen of the 16 major sectors logged gains. The broader small-caps and mid-caps rose 0.4% and 0.8%, respectively.
The Nifty IT index was up 3% with all 10 constituents in the green, with Wipro Ltd. climbing 3% ahead of its quarterly results later in the day.
Infosys, India's No. 2 software services exporter, jumped 5%, its biggest intraday percentage rise in four months. That, after the IT bellwether unexpectedly raised its revenue forecast to 3%-3.5% from 2%-3% and signalled a healthy...
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