Indian shares rise on boost from TCS, banking stocks
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BENGALURU - Indian shares extended gains to a second session on Monday, boosted by technology heavyweight Tata Consultancy Services as well as banking stocks, even as the country reported a steady rise in new cases of COVID-19.
The blue-chip NSE Nifty 50 index rose 0.72% to 17,940.68 and the benchmark S&P BSE Sensex was up 0.77% at 60,207.37 by 0348 GMT. Both indexes are on track for their eighth session of gains in eleven.
Tata Consultancy Services jumped more than 3% and was the top boost to the Nifty 50 after the software services firm said it will consider a share buyback proposal at its board meeting on Jan. 12.
Nifty's IT index was up 0.82%, while the Nifty bank index was up 1.14%.
Meanwhile, India on Monday reported 179,723 fresh COVID-19 infections and 146 deaths. [FWN2TN0TI]
