Sensex opens 79.31 pts high on solid TCS earnings | business | Hindustan Times
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Sensex opens 79.31 pts high on solid TCS earnings

business Updated: Oct 22, 2010 10:17 IST

The BSE benchmark Sensex continued its rally from yesterday and opened 79.31 points high in the opening trade on good quarterly reports from the country's largest software firm Tata Consultancy Services.

The 30-share index today rose by 0.39 per cent to 20,339.89 points on the back of rally in IT, tech and consumer durables sector stocks.

Sensex had surged by 388.43 points in yesterday's trade. The wide-based National Stock Exchange index Nifty moved up by 19.60 points, or 0.32 per cent to 6,121.10 points.

Market analysts said the trading sentiment was bullish after Tata Consultancy Services reported a 32 per cent growth in its consolidated net profit at Rs 2,169.21 crore for the second quarter ended September 30. Share price of Tata Consultancy Services in the opening trade recorded a jump of nearly 6 per cent to its all- time high of Rs 1,040.70.

IT bellwether Infosys Technologies was up by 0.24 per cent to Rs 3,040.40 in the opening trade. Meanwhile, in other Asian markets, Japanese Nikkei was trading 0.46 per cent up while the Hong Kong's Hang Seng index was down by 0.26 per cent down in the morning trade today.

In the US, the Dow Jones Industrial Index ended 0.35 percent higher in the previous day close.