Sensex rises 120 pts in opening trade on Infosys results | business | Hindustan Times
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Sensex rises 120 pts in opening trade on Infosys results

The Bombay Stock Exchange benchmark index Sensex today added nearly 120 points to 16,963 points in opening trade, after IT bellwether Infosys announced better-than-expected quarterly results.

business Updated: Oct 09, 2009 11:12 IST

The Bombay Stock Exchange benchmark index Sensex today added nearly 120 points in opening trade, extending Thursday's gains after IT bellwether Infosys announced better-than-expected quarterly results.

Firming trends on other Asian markets and overnight gains in US stocks also buoyed the trading sentiments here.

The 30-share BSE Sensex was up by 119.54 points to 16,963.08 points in opening trade with IT, teck, realty and sector stocks rising. The barometer gained 36.88 points in yesterday's volatile session.

The wide-based National Stock Exchange index Nifty was also up by 30.35 points at 5,032.60 points.

Brokers said sentiments turned better after the country's second second-largest software firm Infosys Technologies reported 7.54 per cent rise in consolidated net profit after tax at Rs 1,540 crore for the quarter ended September 30, 2009.

Stocks of Infosys Technologies shot up by Rs 82.40, or almost 4 per cent to Rs 2,293.65 at BSE.

Other gainers were Tata Consultancy Services by 2.08 per cent to Rs 584.95, Wipro by 0.99 per cent to Rs 570.70, Bharti Airtel by 3.15 per cent to Rs 345.20, Rcom by 3.02 per cent to Rs 253.75 and Tata Steel by 1.07 per cent to Rs 540.80.

The China's Shanghai index rose 3.84 per cent, Japan's Nikkei gained 1.36 per cent, while Hong Kong's Hang Seng was up 0.30 per cent in the morning trade on Friday.