Nifty IT Index Rises 11.7%, Biggest Weekly Gain Since 2008
The Indian IT sector saw its largest weekly gain in 18 years, with the Nifty IT index soaring 11.7%. This surge was driven by strong quarterly results from companies like HCLTech, despite falling semiconductor stocks in Asia. Additionally, the rupee strengthened, closing below 95 for the first time in 38 days, reflecting effective RBI measures.
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