Home / Business / Sensex up 68 points in early trade; Infosys surges 2.28 pc

Sensex up 68 points in early trade; Infosys surges 2.28 pc

Mumbai (PTI): The benchmark BSE Sensex recovered by nearly 68 points in early trade today, mainly led by gains in IT stocks after Infosys revised guidance upwards for the ongoing fiscal.

Besides, a mixed trend in the global markets also influenced the trading sentiment.

The 30-share index, which had lost 16.01 points in the previous session, rose by 67.68 points, or 0.32 per cent, to 20,781.05, with stocks of IT, tech and healthcare sector leading the rise.

Similarly, the National Stock Exchange index Nifty rose by 17.55 points, or 0.28 per cent, to 6,185.90.

Buying activity emerged after Infosys revised dollar guidance upwards for the ongoing fiscal, brokers said.

Infosys’ shares soared 2.28 per cent to Rs 3,529.90 after the company revised its US dollar guidance upwards to 11.5 per cent for the ongoing fiscal from 9-10 per cent earlier and consolidated net profit rose better-than-expected by 21.35 per cent to Rs 2,875 crore in Oct-Dec vs Rs 2,369 crore year earlier.

Other IT stocks such as TCS gained 0.28 per cent to Rs 2,250. Wipro was up by 1.9 per cent to Rs 5,500.

Among other Asian markets, Hong Kong’s Hang Seng index was up by 0.30 per cent, while Japan’s Nikkei Index shed 0.18 per cent in the morning trade today.

The US Dow Jones Industrial Average ended 0.11 per cent lower in yesterday’s trade.

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