Nifty above 11,000, Market gains 250 pts; Tech Mahindra surges 5%
Shares of Tech Mahindra have surged over 4 percent on Wednesday morning as investors reacted to its December quarter performance. The IT major reported a 13 percent sequential rise in Q3 profit at Rs 1,203 crore. The company reported 27.5 percent year-on-year (YoY) rise in consolidated net profit. Benchmark indices extended morning gains with Nifty trading above 11,000 for the first time since October 1, 2018.
At 09:18 hrs IST, the Sensex is up 141.46 points at 36758.27, while Nifty is up 75.90 points at 11010.30. About 626 shares have advanced, 466 shares declined, and 48 shares are unchanged. Benchmark indices started on a positive note on Wednesday with Nifty trading above 10,950 level.
The Sensex is up 98.30 points at 36715.11, while Nifty is up 42.60 points at 10977. About 392 shares have advanced, 202 shares declined, and 33 shares are unchanged.
Jubilant Food, Tech Mahindra, HPCL, Zee Entertainment, Indiabulls Housing are trading higher, while NTPC, Dr. Reddy's Lab, Adani Ports, UltraTech Cement are among major losers. Indian indices are trading firm in the pre-opening session on Wednesday with Nifty around 10,950.
At 09:03 hrs IST, the Sensex is down 52.03 points or 0.14% at 36564.78, and the Nifty up 11.00 points or 0.10% at 10945.40.source- www.moneycontrol.com
Jubilant Food and Tech Mahindra gained 7 percent, while Marico, Bharat Forge is among major gainers. SPARC, ICICI Bank are the losers in the pre-opening session. Asian shares started cautiously on Wednesday as investors waited to see if US President Donald Trump drops any hints of progress on tariffs in his State of the Union speech.
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