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Biggest gainers on the Nifty included Infosys, ONGC, Tech Mahindra, LTIMindtree and TCS, while losers were Cipla, Apollo Hospitals, Power Grid Corporation, UltraTech Cement and Bajaj Finserv
The single-biggest trigger has been the strong buying interest in IT stocks after Infosys reported in-line results and TCS surprised positively
Information technology stocks, which soared 4-8 percent, were the biggest reason for Nifty#39;s over 1 percent gains. The Nifty IT index was the top sectoral gainer as it zoomed over 5 percent.
Hero MotoCorp, Bajaj Auto, Reliance Industries, Axis Bank and BPCL were among the top Nifty gainers, while losers included Infosys, Dr Reddy#39;s Laboratories, SBI Life Insurance, HUL and Wipro
The Q3 results season will provide indications of the Nifty earnings for FY24. Financials, capital goods, telecom, automobiles and hotels will post good numbers, analysts said
Analysts anticipate December quarter earning and the US inflation data for December, to be released later in the day, to offer direction to the market