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Sensex Edges Higher, TCS Shares Gain For Third Day

TCS shares climbed as much as 4.6 per cent to a record high of Rs. 3,557, before settling 0.25 per cent higher at Rs. 3,415.20 on the BSE.

Sensex and Nifty ended marginally higher today, aided by gains in IT, pharma and oil & gas stocks. However, selling pressure in some metal, FMCG and capital goods stocks capped gains.

The BSE benchmark index Sensex ended 35 points higher at 34,450 while the NSE Nifty edged higher by 20 points to settle at 10,584. Shares of TCS, India’s biggest software services exporter, climbed as much as 4.6 per cent to a record high of Rs. 3,557, after the company posted its biggest ever quarterly profit last week.

In this process, TCS also became the first Indian IT company to hit $100 in market capitalisation.

“It’s great news not just for TCS, even for the Indian equity market as a whole,” said Urmil Shah, an analyst at IDBI Capital. “TCS has done most of the things right over a long-term a stable management, adapted to industry changes better and invested in it at the right time.”

TCS shares however could not sustain the gains. It ended 0.25 per cent higher at Rs. 3,415.

Market heavyweights Reliance Industries, Wipro Ltd and Bharti Airtel Ltd are expected to report earnings for the January-March quarter this week.

HDFC Bank Ltd posted a record profit for the March quarter, but its bad loans rose. Shares of the bank closed 1.4 per cent lower.

Most of the Asian markets ended lower today after a spike in US bond yields. The European markets were also lower in early trade.

The rupee extended its recent fall and edged closer to the 66.50 mark today against the US dollar. The gains in the broader markets were however strong, with BSE midcap and smallcap indices rising 0.50 per cent each.

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Sensex Edges Higher, TCS Shares Gain For Third Day
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Opinion Poll
With assembly election ahead With assembly election ahead, well known Digital Media platform has decided to gauge the mood of Chhattisgarh through its own opinion poll. As an aware voter and stakeholder of the democratic process, kindly do answer the following questions so that prevailing mood of state can be ascertained.
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छत्तीसगढ़ की आगामी विधानसभा चुनाव के लिए डिजिटल मीडिया ‘’ नेसटीक ओपिनियन पोल करनेका निश्चय किया है. अतः आप नीचे दिए सवालों के निष्पक्ष जवाब देंताकि राज्य की आने वाले दिनों की सही सियासी तस्वीर सामनेआ सके. कृपया अपना मत जरूर दें- With assembly election ahead
विधानसभा क्षेत्र
फ़ोन नं
विधानसभा चुनाव में सबसे बड़ी पार्टी कौन सी होगी ?
किस पार्टी को कितनी सीटें मिलेगी?
अगले मुख्यमंत्री के रूप में किसे देखना चाहेंगे?
क्या आपके क्षेत्र में विकास दिखाई पड़ रहा है?
क्या छत्तीसगढ़ का किसान भाजपा शासन से संतुष्ट है?
जो रोजगार छत्तीसगढ़ सरकार ने दिया, क्या उससे युवा वर्ग संतुष्ट है?
राज्य सरकार ने महिलाओं के सशक्तिकरण के लिए जो किया, उससे महिलाएं संतुष्ट हैं?
क्या आप अपने विधायक से संतुष्ट हैं? उन्होंने अपने वादे पूरे किए या अधूरे हैं उनके काम?
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क्या नक्सली समस्या पर नियंत्रण हुआ है?
क्या प्रदेश के मंत्रियों के कामकाज से संतुष्ट हैं?
-देश हित के लिए मतदान अवश्य करें-

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