Indian shares rose on Thursday, tracking gains in global markets as investors reckoned on inflation bringing forward rate hikes around the world.
The benchmark S&P BSE Sensex jumped 375 points, or 0.6 percent, to 61,112 in early trade, while the broader NSE Nifty index was up 115 points, or 0.6 percent, at 18,276.
Infosys advanced 1.4 percent as it beat Street estimates on all the fronts and raised its annual revenue guidance.
Wipro jumped as much as 5 percent after its quarterly profit grew 18.9 percent sequentially.
MindTree soared 5.4 percent on posting a 57.2 percent increase in net profit in the second quarter ended September.
Puravankara gained about 1 percent on news it will invest Rs 350 crore in a Mumbai project.
Mahanagar Gas added 0.8 percent after hiking the retail price of compressed natural gas (CNG) and piped natural gas (PNG).
Zee Entertainment Enterprises dipped half a percent. Reliance Industries revealed that it had proposed to merge its media properties with Zee at “fair valuations” but never resorted to any hostile transaction.
Sensex Up 375 Points In Early Trade; Nifty Tops 18,250
2021-10-14 04:13:06
