Twitter
Advertisement

Sensex recovers 46 points in choppy trade; Infosys climbs on good results

Similarly, the National Stock Exchange index Nifty moved up by 11.65 points, or 0.14%, to 8,615.10. Brokers said rally in Infosys and other IT sector stocks and a firming trend at other Asian markets, influenced sentiments here.

Latest News
article-main
A man looking at the screen showing stock prices outside the Bombay Stock Exchange in Mumbai
FacebookTwitterWhatsappLinkedin

The benchmark BSE Sensex recovered over 46 points in early volatile trade today as IT sector stocks surged after Infosys reported a 5% growth in net profit for the first quarter of 2015-16. 

A firm trend on other Asian markets following overnight gains in the US markets also triggered buying by participants. The 30-share barometer, which had shed 43.19 points in the previous session, rose by 46.71 points, or 0.16%, at 28,466.83 in early trade. 

IT, teck, consumer durables, capital goods , metal and PSU sectors indices were trading in the positive zone with gains up to 3.58%. 

Similarly, the National Stock Exchange index Nifty moved up by 11.65 points, or 0.14%, to 8,615.10. Brokers said rally in Infosys and other IT sector stocks and a firming trend at other Asian markets, influenced
sentiments here. 

They said, however, caution prevailed ahead of monsoon session of Parliament, which begins today. Infosys' shares climbed 7.75 per cent to Rs 1,079.50 after company today reported close to 5% increase in
consolidated net profit to Rs 3,.030 crore for the quarter ended June 30,2015. 

Wipro also surged 1.96% and TCS gained 0.14%. 

However, shares of drug major Sun Pharma slumped 12.01% to Rs 833.10 as company expects to take a hit on profit for the fiscal due to the charges related to the ongoing integration with Ranbaxy Laboratories.

Among other Asian markets, Japan's Nikkei was trading 0.58% higher, while Hong Kong's Hang Seng up 0.34% in early trade today. 

The US Dow Jones Industrial Average ended 0.08% higher in yesterday's trade. 

Find your daily dose of news & explainers in your WhatsApp. Stay updated, Stay informed-  Follow DNA on WhatsApp.
Advertisement

Live tv

Advertisement
Advertisement