Indian Markets Trade Higher, Asia Stays Mixed

Benchmark indices opened the day higher even as the Dow Jones closed over the 34,000 points for the first time ever. Asian stocks slipped a bit after China said that its economy grew 18.3 per cent in the first quarter.

The Sensex was trading with gains of 140 points, while the Nifty was higher 47 points in trade.

Shares in Wipro were in the limelight, following a good set of quarterly numbers. "Wipro reported inline operating performance (IT Services' revenue growth and EBITM) in Q4. EBITM were inline with our expectations but 60bps higher than consensus estimates. 2-4% CC QoQ revenue growth guidance surprise positively (expectations 1-3%)," Emkay Global said.

The stock wes up 3.71 per cent in trade.

Ashoka Buildcon shares were also trading with gains after the company received a Letter of Award from Gujarat Rail Infrastructure Development Corporation (G-RIDE) for the project - Gauge Conversion of Bechraji - Ranuj section.

ISGEC Heavy Engineering was up nearly 4 per cent after reports that Goldman Sachs increased stake in the company to 1.88 percent (or 13,83,655 equity shares) at the end of March quarter 2021, from 1.33 percent (or 9,75,423 equity shares) in December quarter 2020.

Meanwhile, markets are expected to be volatile as investors continue to look at record Covid 19 infections.