Shares eke out gains ahead of TCS, Infosys results, US inflation data

India’s benchmark Nifty 50 and Sensex indexes logged small gains on Thursday, ahead of a key U.S. inflation print, while information technology stocks were subdued before quarterly results from bellwethers later in the day.The NSE Nifty 50 rose 0.13% to 21,647.20 points, while the S&P BSE Sensex gained 0.09% to 71,721.18.IT stocks fell 0.28%, ahead of quarterly results of market leaders Tata Consultancy Services and Infosys, due post market hours on Thursday.

IT companies’ forecasts will be in focus as their results are expected to be subdued on weak spending by key U.S. clients.U.S. inflation data, due later in the day, will also be on investors’ radar.A soft print will likely fortify bets of a rate cut in March, making equities, and IT stocks in parti…

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