INSUBCONTINENT EXCLUSIVE:
The Nifty IT index was up 1.7%Domestic share markets rose on Tuesday as a slowdown in daily coronavirus cases raised hopes that the
government will further ease restrictions, with HDFC Bank supporting the gains after an upbeat forecast from a ratings agency
reporting a near three-month low of 46,790 new infections in the last 24 hours."Declines in daily COVID-19 cases and deaths has given some
comfort that there could be further relaxations to the economy," said Siddharth Purohit, an analyst at SMC Institutional Equities.Shares of
superior to the industry despite likely deterioration from the pandemic.The Nifty IT index was up 1.7 per cent, as heavyweights Wipro,
Infosys, and Tata Consultancy Services gained between 1.1 per cent and 1.3 per cent.The Nifty Bank index was on track to snap two straight
sessions of gains, dipping 0.4 per cent on losses in Bank of Baroda and Bandhan Bank.Shares of Britannia Industries slipped as much as 5.2
per cent to their lowest in almost a month after it reported quarterly revenue that missed estimates.Meanwhile, Asian stocks dipped as
investors adjusted their risk exposure ahead of the Tuesday stimulus bill deadline set by US House Speaker Nancy Pelosi.Global events will
play a bigger role going ahead and poses a risk to domestic markets, Mr Purohit said.
