Nifty crosses 9900-mark for the first time | business-news | Hindustan Times
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Nifty crosses 9900-mark for the first time

Infosys rallied by 1.63% to Rs 992.25 after it reported 1.3% growth in Q1, while Tata Consultancy Services fell 2.38% to Rs 2,386 after the company clocked a 5.9% decline in its consolidated net profit for the April-June quarter.

business Updated: Jul 14, 2017 10:15 IST
The wider 51-scrip Nifty of the National Stock Exchange (NSE) was trading 13.40 points or 0.14% higher at 9,905.10 points.
The wider 51-scrip Nifty of the National Stock Exchange (NSE) was trading 13.40 points or 0.14% higher at 9,905.10 points.(PTI file)

The benchmark Nifty raced past the 9,900 milestone for the first time on Friday and the Sensex climbed yet another peak 32,110 as Infosys maintained its 2017-18 revenue growth guidance.

The 30-scrip Sensitive Index (Sensex) was trading 21.91 points or 0.07% lower during the early session.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) was trading 13.40 points or 0.14% higher at 9,905.10 points.

The BSE Sensex, which opened at 32,099.93 points, was trading at 32,015.47 points (at 9.17 a.m.) in the early session, lower 21.91 points or 0.07% from Thursday’s close at 32,037.38 points.

Software services exporter Infosys rallied by 1.63% to Rs 992.25 after the company reported 1.3% growth in consolidated net profit at Rs 3,483 crore for the June quarter on Friday. It maintained 2017-18 revenue growth guidance at 6.5-8.5% in constant currency and 7.1-9.1% in dollar terms.

Tata Consultancy Services, the top software exporter, however, fell 2.38% to Rs 2,386 after the company on Thursday reported a 5.9% decline in its consolidated net profit at Rs 5,945 crore for the April-June quarter.

Japan’s Nikkei rose 0.22% while Hong Kong’s Hang Seng index was up 0.03% . Shanghai Composite fell 0.22% in early trade. The US Dow Jones Industrial Average ended 0.10% higher on Thursday.