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Sensex, Nifty open in green; Infosys gains 1.38% ahead of Q4 result

Sensex, Nifty open in green; Infosys gains 1.38% ahead of Q4 result”

The Indian market perked up on Tuesday, with BSE Sensex up 212.61 points at 29,788.35 and NSE Nifty up 55.55 points at 9,237 at close of business hours.

China's Shanghai Composite Index was also down 14 points or 0.43% trading at 3,255.28.

Stocks held out hope on Tuesday as the flagship Sensex made a tepid recovery ahead of release of key macroeconomic data and start of March quarter earnings season due later this week amid a weak trend in Asia.

Shares of Infosys surged as the company is set to announce it's Q4 results on April 13, 2017. Banks continue to look forward to NPA resolution measures shortly, and the strength was visible today.

Market breadth was positive with 1,622 advances against 1,102 declines.

Sectoral indices such as banking, financial service, FMCG and technology outperformed other sectors.

The rupee recovered some of the lost ground after taking a battering overnight, advancing 6 paise to 64.50 against the USA dollar amid mild selling of the American currency by exporters.

Meanwhile, the foreign funds sold net Rs. 716.19 crore yesterday, as per provisional figures.

The stock recovered 1.49 per cent. ICICI Bank, SBI, L&T, Wipro, Bharti Airtel and Asian Paints all added to the broad momentum.

Top losers in the Sensex-30 pack: Adani Ports (down 4.8 per cent), Cipla (down 1.7 per cent), Tata Steel (down 1.4 per cent), Bajaj Auto (down 0.5 per cent) and Reliance Industries (down 0.5 per cent).



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