Sensex rises over 100 pts in early trade; Infosys soars 12 pcJuly 16, 2020 10:05
Equity benchmark Sensex surged over 100 points in early trade on Thursday led by gains in index-heavyweight Infosys even as Asian peers traded with significant losses.
The 30-share BSE Sensex was trading 116.77 points, or 0.32 per cent, higher at 36,168.58. Similarly, the NSE Nifty rose 18.65 points, or 0.18 per cent, to 10,636.85.
Shares of Infosys rallied around 12 per cent after the IT major posted a stronger-than-expected 12.4 per cent rise in the first quarter consolidated net profit to Rs 4,272 crore, helped by large deals, and said its FY21 revenue is likely to grow by up to 2 per cent. HCL Tech, TCS, Tech Mahindra and Sun Pharma were the other gainers. On the other hand, ITC, HDFC, Titan, PowerGrid, NTPC and Tata Steel were among the laggards.