BENGALURU, Jan 19 Reuters Indian shares rose on Friday after a threeday losing streak, led by a rebound in financials and information technology stocks.

The bluechip index NSE Nifty 50 rose 0.91 to 21,657.45 points, while the SP BSE Sensex gained 0.91 to 71,835, as of 1030 a.m. IST.

Both the benchmarks had shed nearly 3 in the last three sessions, with the bulk of the decline led by top private lender HDFC Bank after it posted weak thirdquarter margins.

Shares of HDFC Bank, which slumped about 11.5 over the last two sessions, gained 0.5, on the day. Led by

The financial services index advanced 1.2.

Private lender ICICI Bank climbed 2.2 ahead of its results on Saturday. Axis Bank, scheduled to announce its earnings on Tuesday, added 2.5.

IT stocks rose 0.9 after U.S. labour market data showed resilience, bolstering hopes of a soft landing for the world39;s largest economy. IT companies earn a significant share of their revenue from the U.S.

While the resilience in U.S. economy could delay a Federal Reserve rate cut, the rising probability of a soft landing implies that the worst is probably over for IT sector, said Mayuresh Joshi, head of equity research India at William O39;Neil and Company.

The outlook for Indian markets is positive, but the nearterm trajectory will be driven by earnings, Joshi added.

Among individual stocks, Titan Company added 2 after CLSA raised its target price. CLSA sees gains for Titan from the robust pricing power of Tanishq brand….