Posted on Sunday, 10th January 2010 by admin
The key benchmark indices were flat in the morning deals today amid weak cues from Asian market.
The Sensex was up 13 points at 17,539 levels and the Nifty was flat at 5,246.
IT stocks rose sharply on the back of positive quarterly numbers from Infosys. The IT index on the BSE jumped 2.4 per cent. HCL Tech gained 3 per cent and TCS was up 2.6 per cent.
Infosys advanced 2.4 per cent. The company beat the profit estimates by posting a 2.7 per cent on-quarter increase in its third-quarter profit.
Among the Sensex stocks, TCS, Infosys and Wipro were the biggest gainers, up over 2 per cent each.
Sun Pharma, Tata Power and Sterlite Ind, however, slid over 1 per cent each.
In US, hopes that global manufacturing activity is heating up lifted industrial stocks on Monday ahead of an earnings report from Alcoa Inc. After the closing bell, Alcoa posted revenue that topped expectations, but profits excluding one-time costs fell short of forecasts.
The Dow Jones industrial average rose 45.80, or 0.4 percent, to 10,663.99. The Standard & Poor’s 500 index rose 2.00, or 0.2 percent, to 1,146.98. The Nasdaq composite index fell 4.76, or 0.2 percent, to 2,312.41.
Asian markets were trading marginally lower today. Hong Kong’s Hang Seng fell 0.5 per cent. Japan’s Nikkei and China’s Shanghai Composite were also in the red turf.
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Tags: Sensex
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