Capital grow Updates Infosys results , Sensex, Nifty flat; Infosys surges 5% post Q3 results

After the initial sprint post Infosys results, the market has gone flat once again. The Sensex is up 26.35 points at 27301.06 and the Nifty is up 3.55 points at 8238.15. About 1255 shares have advanced, 1439 shares declined, and 397 shares are unchanged.

Boosted by better-than-expected December quarter results, Infosys is up 5 percent. The second largest software services exporter in India third quarter consolidated net profit rose 5 percent as against estimated growth of 1.9 percent. Profit increased to Rs 3,250 crore in the quarter ended December 2014 compared to Rs 3,096 crore in previous quarter. Dollar revenue rose by 0.77 percent to USD 2218 million from USD 2201 million during the same period.

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The BSE Sensex is trading at 27,309 up 211 points, while NSE Nifty is trading at 8,154 up 64 points.

The BSE Mid-cap Index is trading up 0.29% at 9,678, whereas BSE Small-cap Index is trading up 0.42% at 10,836.

Some buying activity is seen in Capital goods, FMCG, consumer durables, banking, metal, IT and realty sectors, while Power and auto sectors are showing weakness on BSE.

Infosys, Dr Reddy's Lab, TCS, Wipro, Gail, ONGC and Reliance are among the gainers, whereas M&M, Tata Power, Bharti Airtel, BHEL, Hindalco, Tata Motors and Axis Bank are losing sheen on BSE.

 The Federal ended its monthly bond purchase program. "On balance, a range of labor market indicators suggests that underutilization of labor resources is gradually diminishing," the Fed's policy panel said. "The committee continues to see sufficient underlying strength in the broader economy," it said.

ICICI Bank, Maruti Suzuki and Bharti Airtel will be in focus as these companies would announce its quarterly results today. ICICI Bank, Maruti Suzuki and Bharti Airtel are trading flat on BSE

Yes Bank Ltd has posted a net profit of Rs. 4825.40 mn for the quarter ended September 30, 2014 as compared to Rs. 3711.30 million for the quarter ended September 30, 2013. The stock was up 2% at Rs 651.45.

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