Shares of Infosys surged almost 7 per cent on Friday after the IT major reported a 13 per cent growth in consolidated net profit for the quarter ended December 2014.
The 30-share Sensex stayed in the green for the better part of the session and hit the day's high of 38,297.70 as buying pace gathered momentum towards the fag-end.
Infosys was the top gainer in the Sensex pack, rising 2.36 per cent, followed by HDFC Bank up 1.39 per cent.
The market breadth, indicating the overall health of the market, was positive
Infosys forecast a 10.8-12.3 per cent sales growth in the US dollar terms for 2016-17.
IT stocks attracted robust demand on Monday, rising by as much as over 2 per cent, on hopes that the rupee's weakness will boost dollar revenues of the software firms.
Revenues, profit margins will be hit in the next one year, but more demand in the longer run.
Among the Sensex losers, Yes Bank tumbled 5.46 per cent, followed by Bajaj Finance 5.40, ICICI Bank 3.82 per cent, IndusInd Bank 3.10 per cent and HeromotoCorp 2.55 per cent.
The total market valuation of all BSE-listed firms on Thursday regained the Rs 100-trillion mark as the benchmark Sensex climbed over 600 points after the RBI surprisingly cut interest rate by 25 basis points.
Recalling some of his fiercest battles with Sachin Tendulkar, legendary Australian bowler Glenn McGrath has said it ended 50-50 between them but the Indian batting genius was really furious when he was declared out after a low bouncer hit his shoulder. McGrath said he spends a lot of time in India, has got a lot many friends there and always catches up with Tendulkar when he is in Mumbai, but many Indians still tell him they have not forgiven him for getting Sachin out in the 2003 World Cup final.
In the broader market, the BSE Midcap index bucked the trend to gain 0.3%
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Their plan to build a product portfolio will discourage global software vendors such as Oracle, Microsoft and Fidelity, among others, from building a strategic relationship with these big Indian IT firms, reports Debasis Mohapatra.
4 MNCs among top 10 companies with dividend-earning promoters in FY15.
Other than ITC, other laggards include PowerGrid, Infosys, M&M, NTPC, SBI, HDFC, Kotak Bank, HDFC Bank, TCS, Hero MotoCorp, Coal India, ONGC, RIL, Asian Paint, IndusInd Bank, ICICI Bank, Maruti Suzuki, Bajaj Auto, Tata Motors, Bharti Airtel and Axis Bank.
Modest growth projections hits IT sector.
When it comes to rewarding top- performing employees, many large corporates are giving out expensive gifts such as latest iPhones, Mercs, flats and jewellery
Only double-income households can buy flats in India's top 8 cities, except Mumbai
The S&P BSE Midcap and the S&P BSE Smallcap indices added 0.5% and 0.7%, respectively
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
IT sector's trading multiples hit post-Lehman lows, providing good entry points.
Four of the founders of Infosys are seeking to raise about $1.1 billion by selling stakes in the company.
Creating history, leading exchange BSE on Wednesday peaked above Rs 100-trillion mark to scale a new record in terms of market wealth of all listed firms.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Nifty is up 6.5% in the last 12 months. The NSE IT Index is down 10% in the same period. But will the sentiment improve going ahead?
The market breadth, indicating the overall health of the market turned negative from positive
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The combined assets of the top five - Tata Consultancy Services (TCS), Infosys Technologies, Wipro, HCL Technologies and Tech Mahindra were down one per cent to Rs 27,7400 crore at the end of 2017-18, from Rs 28,0100 crore a year before.
Another year of strong performance by these export-oriented sectors likely as US economy revives and rupee is expected to be under pressure.
Shares in Infosys Ltd rose as much 6.7 percent on Friday, after the company raised the lower-end of its fiscal 2014 dollar revenue growth guidance.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Interview with Anant Gupta, HCL Tech's president and chief executive officer.
The 30-share Sensex ended up 33 points at 27,241.78 and the 50-share Nifty ended up 27 points at 8,200.70.
Participants will watch out for the Brexit poll outcome in the late morning trades tomorrow.
Markets under pressure; IT financials grab spotlight.
Markets end almost flat, bluechips in focus.
The 30-share Sensex ended down 556 points at 27,886 and the 50-share Nifty ended down 158 points at 8,444.
The 30-share Sensex ended down 32 points at 28,851 and the 50-share Nifty closed 12 points lower at 8,712.
TCS kicked-off the Q1FY17 earnings season for information technology companies on Thursday.
Experts tell Ujjval Jauhari that investors need to be careful in picking stocks given high valuations and with markets possibly ignoring potential risks
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