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BSE IT index gains more than 2 pct

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The BSE IT index rose more than 2 percent on Monday with stocks such as HCL Tech and Financial Tech gaining more than 3 percent.

Infosys, one of India’s leading IT firms, posted gains of 2 percent on improved demand for outsourcing in its key US market after strong economic data.

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Banking stocks struggle in trade

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The BSE Banking index fell 0.8 percent on Friday, as the BSE Sensex ended its positive run of eight sessions to end marginally lower.

PNB was the top loser in the index, closing down 3.3 percent. Bank of Baroda ended down 1.7 percent. ICICI Bank, India’s No. 1 private lender, ended down nearly 1 percent.

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