After an early morning gush, the
market has cooled off a bit. The Sensex is up 80.73 points or 0.3 percent at 25707.48,
and the Nifty up 19.50 points or 0.2 percent at 7869.95.
Shares of Infosys BSE 6.44 % were on a high in Monday morning trade, surging over 8 per cent in trade after company posted a strong guidance for FY2017 and delivered a strong set of numbers in March quarter earnings.
The IT giant posted a net profit growth of 3.9 per cent in QoQ terms and 4.1 per cent sequential revenue growth. Its net profits for the quarter under review stood at Rs 3,597 crore compared with Rs 3,465 crore.
The IT giant posted a net profit growth of 3.9 per cent in QoQ terms and 4.1 per cent sequential revenue growth. Its net profits for the quarter under review stood at Rs 3,597 crore compared with Rs 3,465 crore.
GAINERS:
| Company | Prev Close (Rs) | Current Price (Rs) | % Change |
|---|---|---|---|
| Infosys | 1172.7 | 1,248.05 | +6.43 |
| Idea Cellular Ltd. | 114.65 | 120.60 | +5.19 |
| Bharti Infratel Ltd. | 385.7 | 396.90 | +2.90 |
| HCL Technologies | 837.55 | 856.85 | +2.30 |
LOSERS:
| Company | Prev Close (Rs) | Current Price (Rs) | % Change |
|---|---|---|---|
| ONGC | 213.35 | 207.50 | -2.74 |
| Tata Consultancy | 2526.2 | 2,472.65 | -2.12 |
| SBI | 191.9 | 187.95 | -2.06 |
| Bank of Baroda | 152.45 | 149.55 | -1.90 |
Epic Research Stock Advisory recommends the Indian market is dragged by selling pressure at opening and the Nifty has started the May Future & Cues options on a weak note.
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