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India

2020-07-15 15:02

Market analysisIT stocks lift Indian shares
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Indian shares jumped over 1.5% on Wednesday as upbeat results for IT outsourcer Wipro and signs of new foreign investment inflows countered fears about the surge in domestic coronavirus cases. India's most valuable stock Reliance Industries RELI.NS rose about 1.3% ahead of an annual general meeting due later in the day after Bloomberg reported on Tuesday that Alphabet Inc's GOOGL.O Google was in advanced talks to invest $4 billion in the digital arm of the conglomerate. time, everyone is hooked on to Reliance because of the deals they have been doing on their Jio platforms," said Rusmik Oza, head of fundamental research at Kotak Securities.
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IT stocks lift Indian shares
India | 2020-07-15 15:02
Indian shares jumped over 1.5% on Wednesday as upbeat results for IT outsourcer Wipro and signs of new foreign investment inflows countered fears about the surge in domestic coronavirus cases. India's most valuable stock Reliance Industries RELI.NS rose about 1.3% ahead of an annual general meeting due later in the day after Bloomberg reported on Tuesday that Alphabet Inc's GOOGL.O Google was in advanced talks to invest $4 billion in the digital arm of the conglomerate. time, everyone is hooked on to Reliance because of the deals they have been doing on their Jio platforms," said Rusmik Oza, head of fundamental research at Kotak Securities.

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