Benchmark indices end higher with Nifty above 10,150, and Sensex up over 100 points ahead of F&O expiry and Infosys earnings due later this week. Markets hit fresh highs last week and analysts think upcoming corporate earnings will have an impact on the short-term trend. Infosys Ltd and Hindustan Unilever Ltd will report results on Tuesday and Wednesday, respectively. Telecom stocks were in focus after Reliance Jio raised data tariffs last week, signalling more pricing discipline in the sector, while strong global markets also boosted sentiment. Continue reading
The benchmark indices settled higher on Tuesday, with Infosys gaining after its shareholders approved a buyback plan while Lupin rose after winning US approval for its hypertension drug. However, broader gains were limited as investors hedged their bets before corporate results kick in this week. Software bellwether Tata Consultancy Services reports on Thursday and index heavyweight Reliance Industries on Friday. The 30-share BSE Sensex was up 77.52 points at 31,924.41 and the 50-share NSE Nifty gained 28.20 points at 10,016.95. The BSE Midcap index was up 0.6 percent and Smallcap rallied 0.95 percent.