INDIA STOCKS Indian shares hit one-week high as Infosys, banks boost

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Indian shares climbed to a one-week high on Friday, led by gains in IT giant Infosys, bank stocks and strength in Asia, although fears remained over global growth after a surge in U.S. inflation fed into expectations of a big rate hike.

The benchmark indexes gained for a second session in five.However, even if Friday's gains hold, the benchmark indexes will still post a weekly loss.

"For the last two weeks, we are seeing more of a consolidation in our market and it might continue but with the start of the earnings session, volatility has increased substantially," said Ajit Mishra, vice president - research, Religare Broking. "The prudent approach is to go stock specific with focus on risk management," Mishra said, adding, that selective purchases in IT stocks as well as "buoyancy in the banking heavyweights", were helping lift the market even on weak global cues.climbed as much as 4.9% to post its biggest intraday percentage gain since early January 2021 and was the top boost to the Nifty 50 index.The country's No.

 

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