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Sensex, Nifty log third consecutive weekly gains on IT boost
![IndiaTimes]()
Friday, 17 November 2023
India's Nifty 50 and Sensex stock indexes saw their third consecutive weekly gains, driven by IT stocks due to easing global interest rate outlooks. The Nifty 50 index rose 1.58%, its best performance in two months, while the Sensex increased by 1.37%. IT company stocks, which rely heavily on US revenue, had their best week in 16 months, climbing by 5.07%. The positive market environment was also supported by softer-than-expected US inflation data and a fall in oil prices.
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Friday, 17 November 2023
