APN News

  • Saturday, June, 2024| Today's Market | Current Time: 03:40:10
  • The benchmark BSE Sensex moved up by 125 points in late morning trade on Friday on a rise in IT stocks as Infosys increased its rsensex regainevenue growth guidance for the year ending 31st March, 2014.

     The BSE-30 share index Sensex resumed higher at 20,760.72 and hovered in a range of 20,843.38 and 20,625.17 before quoting 20,838.71 points at 1030 hours.

    It showed a gain of 125.34 points or 0.61 per cent.

    The NSE 50-share index Nifty also moved up by 7.05 points, or 0.11 per cent, to 6,175.40 at 1030 hours.

    Infosys shares rose 2.84 per cent after its Q3 results were announced before market hours on Friday.

    The company reported a 21.4 per cent increase in year-on year net profit at Rs 2,875 crore in the third quarter ended 31st December.

    Its quarter-on-quarter net profit grew 19.4 per cent to Rs 2,875 crore and revenue rose 0.5 per cent to Rs 13,026 crore in December quarter.

    Other major gainers were Wipro (1.28 pc), Sun Pharma (1.19 pc), Reliance Ind (1.02 pc), TCS (0.86 pc) and Larsen (0.72 pc).

    Asian markets were trading mostly higher ahead of US jobs data due later in the day.

    Key benchmark indices in Hong Kong, Singapore and Taiwan rose 0.13-0.35 per cent while indices in China, Japan and South Korea fell 0.18-0.6 per cent.

    Also, foreign institutional investors (FIIs) sold shares worth a net Rs 3.74 crore on Thursday, as per provisional data from the stock exchanges.


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