BENGALURU, June 30 Reuters Information technology IT stocks helped India39;s benchmark indexes hit fresh record highs on Friday, after robust economic data from the United States eased fears of a slowdown and improved broader sentiment.

The Nifty 50 rose as much as 0.72 to hit a high of 19,108.20, while the SP BSE Sensex rose 0.78 to 64,414.84 as of 1005 a.m. IST.

Midcaps and smallcaps hovered around fresh record and 52week highs, respectively.

All the 13 major sectoral indexes logged gains, with the heavyweight IT index rising as much as 1.83.

Infosys jumped 2.5 and was the top gainer on the Nifty 50.

IT firms earn a significant share of their revenue from clients in the United States, and were propped up by strong economic data from that country.

An upward revision in firstquarter GDP, a surprise fall in jobless claims and positive results from U.S. Federal Reserve39;s stress test have helped ease growth concerns in the world39;s largest economy.

The Nifty 50 has risen nearly 10 so far this quarter and is on course to log its best quarter since September 2021.

Analysts cited strong foreign inflows, cooling inflation, and steady corporate earnings growth as key reasons contributing to the rise in Indian equities.

The current upward momentum could continue and the 1900019200 band could be the next resistance for Nifty in the near term, said Deepak Jasani, head of retail research at HDFC Securities.

Among individual stocks, Power Grid gained as much as 3.82 to…