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HDFC twins lead gains as Sensex’s winning streak continues

16 April, 2018

Indian shares came off early falls on Monday and closed higher for an eighth straight session in their longest winning run since late November, buoyed by gains in HDFC twins.

However, the gains were limited as IT services firm Infosys Ltd reeled under selling pressure after its margin forecast fell short of market expectations.

The Nifty climbed 0.46 percent to10,528.35, while the benchmark Sensex rose 0.33 percent to 34,305.43.

Housing Development Finance Corp Ltd and HDFC Bank Ltd were the top contributors to the indexes with gains of 1.6 percent and 0.9 percent respectively.

Shares of Infosys, the country’s second-largest IT services company, closed 3.3 percent lower after declining as much as 6 percent.

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HDFC twins lead gains as Sensex’s winning streak continues

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