| Log in
Photo Credit: Reuters

Sensex consolidates gains as earnings expectations boost IT stocks

12 April, 2018

Indian shares ended higher for a sixth straight session on Thursday, ahead of key retail inflation data later in the day, as a weakening rupee and expectations of positive quarterly results boosted information technology stocks.

The broader NSE Nifty ended 0.4 percent higher at 10,458.65, while the benchmark BSE Sensex closed 0.47 percent higher at 34,101.13.

Infosys Ltd led the gains, closing 3.5 percent higher. The software services exporter will kick-start the January-March corporate results season on Friday.

Investors await March retail inflation data due later on Thursday for cues about the economy. Retail inflation likely eased to a five-month low in March as increases in food prices slowed once again but remained above the central bank’s medium-term target, a Reuters poll found.

Like this report? Sign up for our daily newsletter to get our top reports.


Leave Your Comment
Sensex, Nifty jump nearly 2% higher amid global rally

Sensex, Nifty jump nearly 2% higher amid global rally

Reuters 1 month ago
Indian shares jumped nearly 2 percent on Monday, in line with a global rally...
Bank stocks power Sensex, Nifty higher

Bank stocks power Sensex, Nifty higher

Reuters 5 months ago
India’s NSE index rose the most in more than six months on Thursday,...
Energy, financial stocks help markets post record close

Energy, financial stocks help markets post record close

Reuters 3 months ago
Indian shares edged higher on Friday to a record close, boosted by surging...
No Comments

Sensex consolidates gains as earnings expectations boost IT stocks

Powered by WordPress.com VIP