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Nifty, Sensex close higher, IT firms lead gains

Monday,   10-Jun-2019   04:12 PM (IST)

Indian shares ended higher on Monday boosted by IT stocks, after paring some of the early gains on optimism from the U.S.-Mexico migration deal last week that averted a potential tariff war. The broader NSE Nifty ended up 0.44% at 11,922.70, while the benchmark BSE Sensex closed 0.43% higher at 39,784.52. Shares of Tata Consultancy Services, Infosys Ltd and Tech Mahindra Ltd ended between 1.9% and 2.5% higher, boosting the Nifty IT index, which closed 1.57% higher. Britannia Industries Ltd ended as the top gainer among the bluechips, closing up 3.47% to 3,000 rupees, an over three-month high. Oil and gas companies such as Indian Oil Corp Ltd, Gail (India) Ltd and Oil and Natural Gas Corporation Ltd were among the top losers, dragged by a rise in crude prices due to tighter supply. Financials, which gained at the opening bell, reversed course to end in the red. The Nifty banking index closed 0.1% lower, with Yes Bank Ltd finishing the day down 2.43%.