Sensex, Nifty log new fresh highs on IT sector earnings, macro data

The benchmark indices hit fresh highs on Thursday as earnings reports of information technology (IT) majors and positive macroeconomic data released this week kept investor sentiment buoyant. The positive mood helped offset concerns about imminent interest rate hikes by the US Federal Reserve following the stronger-than-expected consumer inflation data in the US.

Gaining for the sixth straight session, the Sensex rose 569 points, or 0.9 per cent, to end at 61,306. The Nifty, on the other hand, surged 177 points to end the session at 18,338.

The strong numbers posted by Infosys, Wipro, and Mindtree dissipated worries that arose after TCS's results.