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Sensex Opens Marginally Higher; TCS Falls post Q4 Results

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Benchmark indices opened the day marginally higher, even as Asian markets saw some selling pressure with the Japanese Nikkei and the Hang Sang, both down in trade.

 

The Sensex was trading with gains of 30 points, while the Nifty was higher by 3 points.

Sensex Opens Marginally Higher; TCS Falls post Q4 Results
Shares in TCS fell after the company reported its Q4 numbers. Though the performance was as per expectations, investors sold the stock on profit booking.

Shares in Infosys, which had also rallied following a good set of quarterly numbers, saw some profit booking.

Banking stocks were trading mixed with IndusInd Bank, Kotak Mahindra and Yes Bank seeing some profit booking, while ICICI Bank gained ground in trade.

Wipro was trading with gains of 1% ahead of its results to be declared later today. HDFC was trading higher by 1.2 per cent after the institution announced the public issues of its insurance arm.

Gruh Finance saw buying interest after the housing finance company reported a good set of numbers.
Mid cap stocks saw some good buying interest with the index up nearly 1 per cent in trade.

 

Meanwhile, most of Asia was trading with slight weakness led by the Shanghai Composite and the Hang Sang.
Overnight Wall Street notched up good gains, which also saw the European indices gaining ground.

GoodReturns.in

Read more about: sensex nifty tcs
Story first published: Wednesday, April 20, 2016, 9:38 [IST]
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