Sensex up 108 pts in early trade; Infosys surges over 3 pc

Sensex up 108 pts in early trade; Infosys surges over 3 pc

The benchmark BSE Sensex rose over 108 points in early trade today, following gains in IT stocks, after Infosys reported a better-than-expected rise of 24.9 per cent in Q4 net profit at Rs 2,992 crore.

However, disappointing IIP numbers released after market hours on Friday, limited the gain.

Besides, a mixed trend in the other Asian markets also influenced the trading sentiment here.

The 30-share index rose by 108.35 points, or 0.47 per cent, to 22,737.31, with stocks of IT, tech, metals, healthcare and realty sectors leading the rise. The gauge had lost 86.37 points in the previous session on Friday. Markets remained closed yesterday for "Ambedkar Jayanti".

Similarly, the National Stock Exchange index Nifty edged higher by 12.45 points, or 0.18 per cent, to 6,788.75.

Shares of Infosys rallied by 3.31 per cent to Rs 3,343 in early trade.

Other IT stocks which also gained were TCS (up 1.01 per cent) to Rs 2,185.55 and Wipro (up 1.03 per cent) to Rs 573.80.

Among other Asian markets, Japan's Nikkei gained 1.14 per cent while Hong Kong's Hang Seng shed 0.14 per cent in morning trade today.

The US Dow Jones Industrial Average ended 0.91 per cent higher in yesterday's trade. 

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