Indian shares gain for a second day; tech shares lead
MUMBAI Dec 19 (Reuters) - Indian shares rose for a second consecutive session on Wednesday led by IT stocks such as Tata Consultancy Services after recent losses were seen as overdone and on hopes a resolution to the "U.S. cliff" standoff would improve the outlook for a key export market.
Tata Consultancy Services provisionally rose 1.8 percent, while Infosys ended up 1.2 percent.
The BSE index provisionally gained 0.48 percent, while the 50-share NSE index ended up 0.5 percent. (Reporting by Abhishek Vishnoi; Editing by Rafael Nam)
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Some of India's biggest companies are pouring billions of dollars into manufacturing guns, ships and tanks for the country's military, buoyed by the new government's commitment to upgrade its armed forces using domestic factories. Full Article