Benchmark Indices Open Higher After Holiday Break
Equity benchmark indices opened higher in early trade on Friday, with buying momentum returning after the Maharashtra civic polls holiday. The BSE Sensex advanced 343.44 points to 83,726.15, while the NSE Nifty rose 77.65 points to 25,743.25, supported largely by strength in information technology stocks.Infosys Jump Anchors the Rally
Shares of Infosys surged nearly 5 percent in early trade, emerging as the key driver of the broader market gains. The Bengaluru-based company reported an 8.9 percent rise in revenue from operations to Rs 45,479 crore in the third quarter of the current financial year, compared with Rs 41,764 crore in the corresponding period last year.Alongside the quarterly performance, the company raised its revenue growth guidance for FY26 to a range of 3 to 3.5 percent in constant currency terms, up from the earlier forecast of 2 to 3 percent. The guidance revision triggered strong buying interest in the counter and lifted sentiment across the IT pack.
Broader Market Movers
Other Sensex constituents trading higher included Tech Mahindra, Mahindra & Mahindra, Kotak Mahindra Bank, Larsen & Toubro, and HCL Technologies.On the downside, Bharti Airtel, Bharat Electronics, UltraTech Cement, and Eternal weighed on the index.
Global and Institutional Cues
Asian market trends were mixed, with South Korea’s Kospi trading higher, while Japan’s Nikkei 225, Shanghai’s SSE Composite, and Hong Kong’s Hang Seng index were lower. US equity markets closed higher in the previous session.Brent crude prices eased marginally by 0.24 percent to USD 63.61 per barrel, offering some relief on the commodity front.
On the institutional side, foreign institutional investors sold equities worth Rs 4,781.24 crore on Wednesday, while domestic institutional investors recorded net purchases of Rs 5,217.28 crore, providing support to the market.
Previous Session Snapshot
In the last trading session on Wednesday, the Sensex had declined 244.98 points, or 0.29 percent, to close at 83,382.71. The Nifty had slipped 66.70 points, or 0.26 percent, to settle at 25,665.60.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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