BSE Sensex gains around 100 points; Infosys rises

Reuters Market Eye - The BSE Sensex rises as software services exporters lead gains after Wall Street hit a record high on strong data from the holiday shopping season and a fall in initial jobless claims.

The Sensex and the Nifty were trading around 0.6 percent higher.

Recent data continues to point to a sturdier U.S. economy, further brightening the outlook for India's export-dependant IT sector.

Infosys Ltd gains 1 percent to 3,557 rupees.

Tata Consultancy Services Ltd rises 2.8 percent to 2,159 rupees.

Blue chip stocks also extend gains, after foreign institutional investors were net buyers of 7.44 billion rupees in shares on Thursday, bringing their monthly total so far to around $2.5 billion.

 

Housing Development Finance Corp gains 1 percent, while Larsen & Toubro Ltd is up 0.5 percent.

(Reporting by Indulal PM)