INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Friday's trade began with solid gains for domestic equity market
Domestic equity market benchmark Sensex jumped over 500 points during early deals while the NSE counterpart Nifty breached 10,400 in the
wake of a decent rise in rupee and an ebb in the global crude oil prices.
All sectoral indices, but Nifty IT, were in the green on NSE
IT stocks fell amid a fresh rise in the domestic currency against the US dollar
The rupee opened 33 paise up at 73.80 against dollar on account of some selling of the American currency by banks and exporters
The Nifty IT index was trading 1.44 per cent down at 14,472 around 09:45 am on losses in shares of Tata Consultancy Services (down 3.03 per
cent), HCL Technologies (down 2.94 per cent), Infosys (down 1.57 per cent), Wipro (down 0.77 per cent) and Tech Mahindra (down 0.50 per
TCS on Thursday posted 22.57 per cent YoY rise in profit at Rs 7,901 crore for the second quarter, largely in line with Rs 7,929 crore
estimated by analysts in an ET NOW poll
Meanwhile, shares of Infibeam Avenues (up 3.25 per cent), Tata Elxsi (up 2.54 per cent), Oracle Financial Services Software (up 1.38 per
cent), Mindtree (up 0.90 per cent) and NIIT Technologies (up 0.88 per cent) were in the green in IT index
Benchmark NSE Nifty50 index was up 169 points at 10,404, while the BSE Sensex was up 525 points at 34,526
Among the 50 stocks in the Nifty index, 45 were trading in the green, while five - HCL Tech, Tech Mahindra, TCS, Infosys and Wipro -were in
