Sensex Hits 28,000 Points; TCS Falls Post Quarterly Numbers

Business

oi-Sunil Fernandes

By Sunil Fernandes

Updated: Friday, July 15, 2016, 9:28 [IST]

Benchmark indices moved higher in trade as markets taking cues from strong closings in the US markets.

The Sensex was trading with gains of 50 at 27,992 points, while the Nifty was higher by 13 points in trade. The Sensex briefly hit the 28,000 points mark in trade.

TCS was leading the losers on the exchanges even after the company reported a good set of quarterly numbers. Most brokerages have upgraded the stock to a buy following good quarterly numbers.

The shares, however were down 2 per cent in trade. Infosys was trading flat ahead of its numbers to be declared any moment.

Shares in Biocon were up 2 per cent after the company launched its insulin product in Japan. Most of the banking stocks, including the PSU banking space was trading higher. Shares of Syndicate Bank, Andhra Bank and Bank of India were among the gainers.

Meanwhile, the rupee opened at 66.88 to the US dollar, showing remarkable strength.

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