Markets Open Positive, Infy 11% Higher
Suparna / 12 Jul 2013
The Indian markets have opened positive this morning. The Nifty was higher by 31 points at 5966 and Sensex was up 162 points at 19838. Infosys is up on a better-than-expected 4% YoY rise in its consolidated net profits for the first quarter.
The Indian markets opened in the green this morning after witnessing a strong rally in yesterday closing session. The Nifty opened higher by 31 points at 5966 and Sensex was up 162 points at 19838. Both indices opened up in the range of 0.83%-0.53%.
The advance-decline ratio is positive. On the NSE, 1705 shares are trading in gains and 1595 shares are down.
Top 5 Nifty Gainers: Infosys is the top gainer so far, up 11.2%. TCS, HCL Tech, IDFC and Tata Motors are among the others trading higher.
Top 5 Nifty Losers: UltraTech Cement is down by 2.5%, followed by Ranbaxy Labs, Maruti Suzuki, JP Associates and Grasim.
7 out of the 13 sectors are trading in the green zone. IT is in the lead, gaining 420 points. The Heathcare index is higher by 53 points and Capital Goods are up 29 points. Mid-caps and Small- Caps are also trading in positives. The Consumer Durables and FMGC indices are down by 69 points and 59 points respectively.
In the Asian markets, the Hang Seng is the top loser so far, down by 114 points. The Nikkei market is up by 15 points, and Shanghai Composite and KOSPI are also higher.
Buzzers: Infosys bettered the expectations and reported a 4% YoY rise in its first quarter’s consolidated net profit, which came in at Rs 2374 crore. The stock is trading at Rs 2830 as of now.
The Nifty Future has made a high of 6004. Going ahead, the level of 5940-5920 will be a lakshman rekha.
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