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Infosys stock reaches 52 week high, TCS rises

Infosys stock on Friday rose to a record high after Wall Street rose on strong data from the holiday shopping season and a fall in initial jobless claims.

BT Online bureau | December 27, 2013 | Updated 13:56 IST
Infosys stock reaches 52 week high, TCS rises

Infosys stock on Friday rose to a record high after Wall Street rose on strong data from the holiday shopping season and a fall in initial jobless claims. The Infosys stock touched its 52-week high at 1:24 pm. The stock fell on  December 23 on news that Infosys board member V. Balakrishnan has resigned.

Recent data continues to point to a sturdier US economy further brightening the outlook for India's export-dependant IT sector.
Blue chip stocks also extend gains after foreign institutional investors were net buyers of  Rs 744 crore ($119.86 million) in Indian shares on Thursday bringing their monthly total so far to around $2.5 billion.

IT firm TCS' stock also rose 2.45 per cent on the back of rise in US markets.  Menwhile the Sensex was trading 158 points higher at Rs 21, 232 points.

-With Reuters inputs

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