Sensex up 102 points in early trade; TCS climbs 3.37%
Mumbai: The BSE benchmark Sensex on Friday rose by over 102 points in early trade, mainly led by gains in IT stocks, including TCS jumping over 3.37 percent, after the software services major posted better-than-estimated first quarter earnings.
Besides, a mixed trend in the other Asian markets also buoyed the trading sentiment here.
The 30-share index, which had gained 277.18 points in the previous two sessions, rose by 102.20 points, or 0.50 percent, to 20,230.61, a level last seen on May 30.
Stocks of IT, technology, auto and metal sectors led the rise in early trade.
Similarly, the wide-based National Stock Exchange index Nifty rose by 28.80 points, or 0.47 percent, to 6,066.85
Brokers said sentiments bolstered after the country's largest software exporter Tata Consultancy Services reported consolidated better-than-expected net profit of Rs 3,831 crore for the June quarter, up 15.5 percent from Rs 3,318 crore in the same period last year.
Stock of TCS surged 3.37 percent to Rs 1,716.05 in early trade, Infosys gained 1.60 percent to Rs 2,844.25, while Wipro rose by 1.25 percent to Rs 389.80.
In the Asian region, Hong Kong's Hang Seng index was up by 0.15 percent, while Japan's Nikkei Index shed 1.37 percent in the morning trade today.
The US Dow Jones Industrial Average rose 0.50 percent to close at record highs in yesterday's trade.