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Indian shares climb, TCS rises more than 4pc

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By Imad Uddin
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Indian stocksMUMBAI: Indian shares rose 0.2 percent in early trade on Friday, with leading software services company Tata Consultancy Services rallying more than 4 percent after forecast-beating quarterly earnings.

At 9:17 a.m. (0347 GMT), the 50-share NSE index was up 0.2 percent at 5,613.05.

After the market had closed on Thursday, TCS posted a 28 percent rise in quarterly net profit to 23.8 billion rupees ($535 million) and revenue rose 31 percent to 107.97 billion rupees based on international financial reporting standards.

 

COPYRIGHT REUTERS, 2011

 

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