information technology shares: IT’s not so bad: Dalal Street indices soar to fresh highs
Mumbai: Indian stocks rose to fresh all-time closing levels on Friday led by a surge in information technology shares as investors judged the third-quarter earnings of sector leaders-TCS and Infosys-weren't as adverse as expected. The optimism inspired markets to overlook the escalating tensions in the Red Sea, which caused a jump in oil prices to $80 a barrel, and a hotter US consumer inflation report in December.The BSE Sensex gained 847.27 points, or 1.2%, to close at 72,568.45, off the record high of 72,720.96. The…