India’s share markets continued gains on Friday with the Sensex and Nifty getting higher the IT major TCS posted better Q3 earnings on Thursday. Strong global cues also supported the sentiments.
The BSE Sensex traded higher by 105 points to 34,608 levels, while the NSE Nifty-50 rose 39 points to hit a fresh peak of 10,690 in later morning hours.
ICICI Bank was the biggest gainer in the Sensex stocks in the morning hours, while the stock of TCS shed the most. The stock of IT major Infosys spiked 0.94 percent to hit a fresh 52-week high of Rs 1,085.9 ahead of its third-quarter earnings release which is expected for later today. Other major companies which are also expected to announce their respective Q3 results are HT Media, Sintex Industries, Reliance Industrial Infrastructure and Karnataka Bank.
Shares of TCS fell 1.6 percent to the day’s low of Rs 2,744 after the company reported a flat growth in earnings, as net profit arrived at Rs 6,531 cr against Rs 6,778 cr in the comparable quarter last fiscal.
Shares of ICICI Bank, Larsen & Toubro, HDFC, Kotak Mahindra Bank, Reliance Industries, Axis Bank, SBI, Tata Motors, Bharti Airtel, HDFC Bank, Dr Reddy’s rose up to 1.1% as the major gainers among the 31 stocks of Sensex. On the other hand Shares of Dish TV plunged over 7 percent.