Equity benchmark indices continue to trade higher and hit the day’s high
in morning trade. Buying was broad-based with metal and pharma gaining
the most. The Nifty traded above 12,300 level and hit fresh record high
level, up 86 points.
Sensex, was up 308 points or 0.7
1% at 41,761. The broader market outperformed in the benchmark index, with Mid-cap and BSE Small-cap index was up 0.79% and 0.83%, respectively.
The market breadth, indicating the overall health of the market, was positive on the BSE, 1,475 shares rose and 636 shares fell.
The Nifty IT index gained 84 points or 0.53% at 16,008.90 levels. Shares of Infosys rose 1.5% on the NSE ahead of its December quarter (Q3FY20) results due later in the day. The IT company is scheduled to release its quarterly numbers around 3:45 pm today. The company is expected to report over 1% qoq growth in revenue mainly due to the ramp-up of large deals and contribution from acquisitions.
Shares of Tata Elxsi, HCL Tech, Tech Mahindra, TCS and Wipro were also trading higher on the Nifty IT index, while NIIT Tech, Hexaware, Just Dial and Mindtree are down.
Agro Phos India Ltd, Adroit Infotech Ltd, Cox & Kings Ltd, DQ Entertainment (International) Ltd, GI Engineering Solutions Ltd, JVL Agro Industries Ltd, GTL Infrastructure Ltd, Stampede Capital Ltd shares have touched 52-week low on the NSE.
Sensex, was up 308 points or 0.7
1% at 41,761. The broader market outperformed in the benchmark index, with Mid-cap and BSE Small-cap index was up 0.79% and 0.83%, respectively.
The market breadth, indicating the overall health of the market, was positive on the BSE, 1,475 shares rose and 636 shares fell.
The Nifty IT index gained 84 points or 0.53% at 16,008.90 levels. Shares of Infosys rose 1.5% on the NSE ahead of its December quarter (Q3FY20) results due later in the day. The IT company is scheduled to release its quarterly numbers around 3:45 pm today. The company is expected to report over 1% qoq growth in revenue mainly due to the ramp-up of large deals and contribution from acquisitions.
Shares of Tata Elxsi, HCL Tech, Tech Mahindra, TCS and Wipro were also trading higher on the Nifty IT index, while NIIT Tech, Hexaware, Just Dial and Mindtree are down.
Agro Phos India Ltd, Adroit Infotech Ltd, Cox & Kings Ltd, DQ Entertainment (International) Ltd, GI Engineering Solutions Ltd, JVL Agro Industries Ltd, GTL Infrastructure Ltd, Stampede Capital Ltd shares have touched 52-week low on the NSE.
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