E-Paper
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.
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.