Sensex up 100 points- Nifty nears 10,850- TCS, HCL Tech slump
The domestic stock markets–Sensex and Nifty– opened higher on Friday tracking positive global cues. Sensex zoomed more than 103 points in the opening trade to 36,209.01, while the Nifty was trading near the 10,850-mark. TCS shares slumped by more than 1.7% to Rs 1,855.25, after the reported Q3 results in line with estimates yesterday. HCL Tech share price slumped by more than 1.1% to Rs 925.20 on NSE. Infosys shares were trading flat at Rs 681.25 ahead of the Q3 results scheduled to be announced later today.
Asian stocks inched higher to one-month highs on Friday, after Federal Reserve Chairman Jerome Powell reiterated the U.S. central bank can be patient on raising interest rates further. But the rally’s momentum slowed partly as investors sought more clarity on whether the United States and China could make headway on their talks on trade as well as intellectual property (IP) rights, Reuters reported.
Wall Street extended its rally into a fifth straight day on Thursday in a session of whipsaw trading as investors responded to mixed comments by Federal Reserve Chairman Jerome Powell, while a warning from Macy’s pummeled retail stocks, said the agency report. The street will closely watch guidance and management commentary. We bring to you LIVE updates.
A Special Offer for a Special Season! Get Stock Cash Tips to start from 2 Days Free Trial Click Here- Stock Cash Tips
0 comments
Note: only a member of this blog may post a comment.