Sensex extends gains, Nifty at new high; TCS, Infosys continue to lead

Equity benchmarks extended gains in afternoon trade, with the Sensex rising more than 100 points, driven by consistent rally in technology stocks.

The 30-share BSE Sensex was up 131.64 points at 31,847.28 and the 50-share NSE Nifty rose 50.30 points to 9,821.35 but the broader markets continued to underperform.

The BSE Midcap index gained 0.07 percent and Smallcap was up 0.44 percent as about 1,368 shares advanced against 1,141 declining shares on the BSE.

TCS (up 1.4 percent) and Infosys (2.28 percent) continued to rally ahead of June quarter earnings on July 13 and July 14, respectively.

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Posted in: Indian Market Tips