Infosys sparks IT rally as Nifty, Sensex end higher; rupee slide keeps traders cautious
Infosys jumped 5.6% after raising its revenue forecast, lifting the Nifty IT index 3.3%. The Nifty 50 closed up 0.11% at 25,694.35, while the Sensex gained 0.23% to 83,570.35. The rupee dropped 0.6% to 90.8650 per dollar, its sharpest fall in nearly two months. Foreign investors have sold $2.1 billion in Indian equities so far in January.