Indian equity benchmarks were strong in trade after witnessing a consolidation in previous four days with a negative bias. About 40 stocks out of 50 on the Nifty were in green - technology ahead of Infosys earnings tomorrow, financial, auto, capital goods, FMCG and power sectors led the 50-share NSE Nifty to 5850 level at 11:40 hours.
Asian markets too recovered - Nikkei, Straits Times and Kospi were up 1-1.5%. Hang Seng and Taiwan went up over 0.5%. Shanghai rose 0.35%.
Fourth quarter earnings season is set to kick off tomorrow with IT bellwether Infosys. Infosys is expected to report a fourth quarter profit after tax (PAT) of Rs 1856 crore, a growth of 4.2% over Rs 1779.8 crore in previous quarter, according to CNBC-TV18 estimates. Infosys, HCL Tech and Wipro gained more than 1%; TCS jumped over 2%. For more Read the full story
Asian markets too recovered - Nikkei, Straits Times and Kospi were up 1-1.5%. Hang Seng and Taiwan went up over 0.5%. Shanghai rose 0.35%.
Fourth quarter earnings season is set to kick off tomorrow with IT bellwether Infosys. Infosys is expected to report a fourth quarter profit after tax (PAT) of Rs 1856 crore, a growth of 4.2% over Rs 1779.8 crore in previous quarter, according to CNBC-TV18 estimates. Infosys, HCL Tech and Wipro gained more than 1%; TCS jumped over 2%. For more Read the full story
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