Friday, 24 March, 2023

Indian stocks rise on back of a tech rebound

<p>After two weeks of heavy losses, Indian shares opened sharply higher as battered technology stocks advanced of a slew of blue-chip earnings and the federal budget. By 0351 GMT, the blue-chip NSE Nifty 50 index had risen 1.24% to 17,313.6, while the S&amp;P BSE Sensex had climbed 1.23% to 57,901.39. The Nifty IT index had fallen in eight of the previous nine sessions, owing to a tech sell-off fueled by concerns about rising interest rates in the US.&nbsp;</p>