Sensex up 102 points in early trade, TCS climbs 3.37%
The BSE benchmark Sensex on Friday rose by over 102 points in early trade, mainly led by gains in IT stocks, including TCS jumping over 3.37%, after the software services major posted better-than-estimated first quarter earnings.business Updated: Jul 19, 2013 10:19 IST
The BSE benchmark Sensex on Friday rose by over 102 points in early trade, mainly led by gains in IT stocks, including TCS jumping over 3.37%, after the software services major posted better-than-estimated first quarter earnings.
Besides, a mixed trend in the other Asian markets also buoyed the trading sentiment in Mumbai.
The 30-share index, which had gained 277.18 points in the previous two sessions, rose by 102.20 points, or 0.50%, to 20,230.61, a level last seen on May 30.
Stocks of IT, technology, auto and metal sectors led the rise in early trade.
Similarly, the wide-based National Stock Exchange index Nifty rose by 28.80 points, or 0.47%, to 6,066.85.
Brokers said sentiments bolstered after the country's largest software exporter Tata Consultancy Services reported consolidated better-than-expected net profit of Rs 3,831 crore for the June quarter, up 15.5% from Rs 3,318 crore in the same period last year.
Stock of TCS surged 3.37% to Rs 1,716.05 in early trade, Infosys gained 1.60% to Rs 2,844.25, while Wipro rose by 1.25% to Rs 389.80.
In the Asian region, Hong Kong's Hang Seng index was up by 0.15%, while Japan's Nikkei Index shed 1.37% in the morning trade on Friday.
The US Dow Jones Industrial Average rose 0.50% to close at record highs in Thursday's trade.