Nifty’s IT index jumped 1.6% to record levels on Wednesday, while the benchmark indices ended 0.1% higher in a rollercoaster trading session. LTI Mindtree jumped 6.31%, followed by Wipro which gained 3.71%. L&T Technology Services, Coforge, Infosys, Persistent and Mphasis were up 1.3-3.6%.
India Inc reduced overseas bond issues on local liquidity, rupee fall
Indian companies scaled back overseas bond issuances as improved domestic liquidity and a weaker rupee made local fundraising more attractive.