ANDROID IOS
live tv
  1. You are here:
  2. Home
  3. Business News
  4. Nifty hits 9,900 mark, Sensex at new high post Infy results

Nifty hits 9,900 mark, Sensex at new high post Infy results

The benchmark Nifty on Friday raced past the 9,900 milestone for the first time and the Sensex climbed yet another peak 32,110 as Infosys maintained its 2017-18 revenue growth guidance

Reported by: PTI, Mumbai [Published on:14 Jul 2017, 11:15 AM IST]
Nifty crossed the 9,900 level for the first time by gaining
Photo: PTI Nifty crossed the 9,900 level for the first time by gaining 21.60 points

The benchmark Nifty on Friday raced past the 9,900 milestone for the first time and the Sensex climbed yet another peak 32,110 as Infosys maintained its 2017-18 revenue growth guidance.

IT, healthcare, consumer durables, oil and gas stocks were among the big gainers. Asian cues remained mixed though.

The 50-issue Nifty crossed the 9,900 level for the first time by gaining 21.60 points, or 0.21 per cent, to trade at an all-time high of 9,913.30, within striking distance of 10,000.

It surpassed its previous intra-day high of 9,897.25 touched on Thursday.

Capital inflows and widespread buying by domestic institutional and retail investors continued.

The benchmark BSE Sensex too climbed 72.37 points, or 0.22 per cent, to a new record 32,109.75, breaking its previous life high of 32,091.521 reached on Thursday.

Software services exporter Infosys rallied by 1.63 per cent to Rs 992.25 after the company reported 1.3 per cent growth on Friday in consolidated net profit at Rs 3,483 crore for the June quarter. It maintained 2017-18 revenue growth guidance at 6.5-8.5 per cent in constant currency and 7.1-9.1 per cent in dollar terms.

Tata Consultancy Services, the top software exporter, however, fell 2.38 per cent to Rs 2,386 after the company on Thursday reported a 5.9 per cent decline in its consolidated net profit at Rs 5,945 crore for the April-June quarter.

Japan's Nikkei rose 0.22 per cent while Hong Kong's Hang Seng index was up 0.03 per cent. Shanghai Composite fell 0.22 per cent in early trade.

Related Tags:

Promoted Content

Write a comment