Mumbai, July 16 : Financials and IT Major Infosys lifted BSE’s Sensex higher on Thursday
although rise in Coronavirus cases and weak global markets kept the investors in check.
Sensex rose 420 points to close at 36,472 while Nifty climbed 122 points to 10,740.
Altogether 18 of the Sensex’s 30 stocks closed higher with Infosys contributing the most to
the gains.
Backed by rise in figures in net profits in Q1, Infosys jumped 14.5 per cent registering a new high of Rs 952. The stock closed 9.56 per cent higher at Rs 910.90.
HDFC Bank and Kotak Mahindra Bank followed next as the private lenders advanced 0.92 percent and 2.47 per cent respectively.
BSE Midcap index rose 0.71 per cent while BSE Smallcap Index shed 0.13 per cent.
BSE IT was the top sectoral gainer as it rose 4.14 per cent and BSE Teck went up 3.07 per cent.
BSE Telecom, Power and Utilities dropped 1.52 per cent, 0.96 per cent and 0.69 per cent respectively.
YES Bank shares came down 5.87 per cent. The bank’s follow-on public offer to raise Rs 15,000 crore was subscribed 44 per cent on the second day today.
L & T Infotech gained 7 per cent as it posted a 17.06 per cent year-on-year growth in its net profit ending June Quarter.
Telecom Major Vodafone idea closed 9.02 per cent lower after the Telecom Appellate Tribunal on Thursday reserved its order to stay the sector regulator’s decision asking the Telecom company to put on hold its RedX Premium Plan.
India’s total Coronavirus cases reached 9,68,876 even as 32695 new cases were reported in the last 24 hours, the Union Health Ministry said. The death toll rose to 24,915, including 606 fatalities in the last one day.
Experts said investors would probably look for rise in Coronavirus cases, direction of Global Markets and progress on vaccine in India and abroad.
