Sensex starts on a flat note, Nifty holds 10,800; TCS down 1%

The Nifty IT index is down around half a percent, with TCS dragging around 1 percent. Banks, consumption and metals were the other big gainers.

Shares of Himachal Futuristic Communication (HFCL) gained 5.8 percent intraday Friday after the company won orders worth Rs 502 crore.

The company has received the purchase orders worth Rs 502.73 crore approximately from Larsen & Toubro and a consortium led by ITI for creating OFC Network Infrastructure under BharatNet Phase-II project in Andhra Pradesh and Maharashtra respectively. It is a flat start to the market on Friday morning, with the Nifty holding 10,800-mark.

The Nifty IT index is down around half a percent, with TCS dragging around 1 percent. Banks, consumption and metals were the other big gainers. The Nifty midcap index is up one-tenth of a percent.

The Sensex is up 48.99 points or 0.14% at 36155.49, while the Nifty is higher by 9.10 points or 0.08% at 10830.70. The market breadth was positive as 301 shares advanced, against a decline of 115 shares, while 32 shares were unchanged.

Yes Bank and ITC are the top gainers, while TCS, Power Grid, and Bharti Airtel lost the most. Benchmark indices are trading higher in the pre-opening session, with Nifty is around 10,850 level

The Sensex is up 125.95 points at 36232.45, while Nifty is up 39.70 points at 10861.30.

Shares of TCS gained 1.5 percent in the pre-opening trade after the company reported a 2.6 percent sequential growth in December quarter profit at Rs 8,105 crore, with constant currency revenue growth of 1.8 percent QoQ meeting analyst expectations on Thursday.

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