IT, teck stocks push Sensex up 136 points

Backed by better-than expected Infosys results, the BSE benchmark Sensex continued to trade higher by over 130 points in the mid-session today.

At 1.28 p.m., the Sensex was up 135.84 points or 0.82 per cent at 16,672.31 and the Nifty was up 45.3 points or 0.9 per cent at 5,019.65. 

Volume toppers during the session were Infosys, SBI, ITC, Coal India and Tata Motors. Major Sensex gainers were Infosys, TCS, ITC, ICICI Bank, RIL, Wipro and SBI. HDFC, Coal India and Tata Motors were the major losers. 

Except auto, all the other sectoral indices were trading in the green. Among them, IT was up 4.05 per cent, teck 2.8 per cent, bankex 1.22 per cent and FMCG 0.72 per cent. Only auto was down 0.74 per cent.
Of the total 2,715 stocks traded, 1,417 advanced, 1,157 declined and 141 remained unchanged. 

The markets opened up by about one per cent today. The BSE Sensex rose 124 points (0.7 per cent) while the NSE Nifty was up by 41 points or 0.8 per cent. 

Analysts say that the markets “were pleasantly surprised” by the Infosys results lending to a positive outlook on the market for the day. 

Infosys also saw a strong opening on the stock markets. On the BSE, the stock opened up by 3.6 per cent per share (or Rs 91 per share) at Rs 2,601. On the NSE as well, the stock opened up by 3.6 per cent per share at Rs 2,595. 

Infosys is the second biggest stock in the Sensex 30 after Reliance Industries, with a weightage of 9.04 per cent. 

On Tuesday, European markets, except for the German DAX and Swiss Market Index, closed in the red — down by less than one per cent each. The US markets were all up by about one per cent.
The Nymex Crude Future ended down by 0.6 per cent at $85.27. Gold was up by 0.5 per cent at $1669.10/oz.

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