Sensex surges over 200 points, Nifty above 10,500; Infosys rises ahead of Q4 earnings release

Mumbai: The BSE benchmark Sensex surged over 200 points in afternoon trade on Friday amid buying in most sectors, reflecting positive investor sentiment on strong macroeconomic numbers released on Thursday.

Buying was led by realty, healthcare, telecom, energy, banks, financials, basic materials, auto, IT, Teck and consumer durables sectors.

Sensex surges over 200 points, Nifty above 10,500; Infosys rises ahead of Q4 earnings release. Reuters image.

Sensex surges over 200 points, Nifty above 10,500; Infosys rises ahead of Q4 earnings release. Reuters image.

The successive growth in fourth straight months in the index of industrial production (IIP) at 7.1 percent and moderation in consumer price index (CPI) inflation to 4.28 percent, lifted the sentiment.

Investors are looking forward to Infosys' earnings for the Q4 of FY18, scheduled to be released later in the day.

The 30-share index was trading higher at 34,304.38 at 1230 Hrs, reflecting a gain of 203.25 points, or 0.60 percent.

The broader Nifty50 index was also trading above 10,500-level at 10,515.45, up 56.80 points or 0.56 percent.

Major gainers were Adani Ports, Kotak Bank, Dr Reddy, Bajaj Auto, ICICI Bank, NTPC and Infosys.

Asian markets were trading mixed. US stocks closed sharply higher yesterday, as geopolitical concerns appeared to fade after President Donald Trump tweeted that a military strike on Syria may not be imminent.


Updated Date: Apr 13, 2018 13:23 PM

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