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Sensex gains; U.S. economy prospects bolster IT

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Reuters MUMBAI
Last Updated : Dec 27 2013 | 3:56 PM IST

MUMBAI (Reuters) - The BSE Sensex rose on Friday, sending indexes to its second consecutive weekly gains, as technology stocks such as Infosys extended a rally this year after data continued to signal a sturdier U.S. economy.

Infosys rose 1.2 percent, having earlier come close to hitting a record high of 3,573 rupees last hit on December 20, after the Wall Street hit a new peak on strong data from the holiday shopping season and a fall in initial jobless claims.

The Nifty provisionally rose 0.56 percent, for a weekly gain of 0.61 percent.

The Sensex provisionally rose 0.55 percent.

(Reporting by Indulal PM; Editing by Subhranshu Sahu)

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First Published: Dec 27 2013 | 3:43 PM IST

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