Indian shares edged up slightly in early trade on Thursday after Fed Chair Jerome Powell assured that inflation pressures won’t last and the Fed will give “advance notice” before making any changes to the central bank’s asset purchase program.
The benchmark 30-share Sensex climbed 160 points, or 0.3 percent, to 53,061, while the broader NSE Nifty index was up 42 points, or 0.3 percent, at 15,895.
Infosys was marginally higher after raising its revenue growth guidance for FY22.
Wipro advanced 1.2 percent ahead of its earnings release.
Craftsman Automation tumbled 3.7 percent after its board approved termination of joint venture agreements signed in 2007 with various companies.
Titan Company slipped half a percent as data showed Rakesh Radheshyam Jhunjhunwala reduced stake in the company in the June quarter.
L&T Technology Services soared 14.6 percent as it reported an 84 percent annual jump in its June quarter net profit.
Cadila Healthcare edged down slightly as it completed the sale of its animal healthcare business Zydus Animal Health and Investments Ltd to Zenex Animal Health India Pvt. Ltd.
Aptech gained 1.3 percent. Ace investor Rakesh Jhunjhunwala, his wife Rekha Jhunjhunwala and eight others have settled the Aptech insider trading case with market regulator SEBI.
Marico rose more than 1 percent after it announced a strategic investment in Apcos Naturals Private Limited.
Market Analysis
Sensex, Nifty Modestly Higher In Early Trade
2021-07-15 04:28:14
