The Nifty IT index climbed nearly 2% at 16,220.10 led by Infosys, NIIT Tech, Wipro and Tata Elxsi.
India's second-biggest IT company, Infosys is trading higher by 5% after reporting a robust set of numbers on Friday. The IT firm registered a qoq growth of 10.9%
(rupee terms) at Rs4,109cr in the
quarter ended December 2019. The company raised its FY20 revenue
guidance to 10-10.5% from 9-10% earlier. The revised guidance is
10.0-10.5% in constant currency higher than 9-10% estimated earlier. It
maintained the FY20 operating margin guidance range of 21-23%.
Further, the IT company said it found no evidence of financial misconduct by its executives following an investigation into whistleblower complaints.
Shares of NIIT Tech, Wipro and Tata Elxsi also gained 2% each, followed by Tech Mahindra and HCL Tech, which are up by 1%, respectively. Mindtree and Just Dial were trading in the positive zone, however, TCS and Hexaware are trading in the negative zone.
Tata Elxsi will announce its Q3FY20 results today.
Meanwhile, equity benchmark indices hit new intraday highs in the early trade on Monday tracking positive global cues. Investors are also awaiting inflation numbers to be released later in the day.
The Nifty zoomed over 0.55% or 67 points at 12,324 and the Sensex rose 237 points to 41,837.
Shares of DLF, Ramco Cements, Tata Global Beverages, Jubilant Foodworks, SRF, Relaxo Footwears, AGC Networks, Alkem Laboratories and Deepak Nitrite stocks that touched their 52-week highs on NSE.
India's second-biggest IT company, Infosys is trading higher by 5% after reporting a robust set of numbers on Friday. The IT firm registered a qoq growth of 10.9%
Further, the IT company said it found no evidence of financial misconduct by its executives following an investigation into whistleblower complaints.
Shares of NIIT Tech, Wipro and Tata Elxsi also gained 2% each, followed by Tech Mahindra and HCL Tech, which are up by 1%, respectively. Mindtree and Just Dial were trading in the positive zone, however, TCS and Hexaware are trading in the negative zone.
Tata Elxsi will announce its Q3FY20 results today.
Meanwhile, equity benchmark indices hit new intraday highs in the early trade on Monday tracking positive global cues. Investors are also awaiting inflation numbers to be released later in the day.
The Nifty zoomed over 0.55% or 67 points at 12,324 and the Sensex rose 237 points to 41,837.
Shares of DLF, Ramco Cements, Tata Global Beverages, Jubilant Foodworks, SRF, Relaxo Footwears, AGC Networks, Alkem Laboratories and Deepak Nitrite stocks that touched their 52-week highs on NSE.
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