Bombay Stock Exchange building. (Image: Reuters)
The key equity indices — Sensex and Nifty — opened slightly higher on Tuesday as most of the Asian shares rose in the early trade today. The optimism about the better-than-expected second quarter earnings for the financial year 2018 and macroeconomic data also brought up the market sentiments. The benchmark Sensex rose as much as 111 points to hit the day’s high of 31,957.61 after opening 64 points higher at 31,910.82. The broader Nifty 50 jumped 30 points to mark the day’s high of 10,019.3 points after starting 25 points higher at 10,013.7. Investors are keenly awaiting for the second-quarter earnings starting with TCS on 12 October and Reliance Industries on 13 October. The macroeconomic data such as Index of Industrial production (IIP) for August and inflation numbers for September are also due on Thursday.
11.05 am: Tata Teleservices stock crashes 14% on Chandrasekaran’s tough call warning: Shares of Tata Teleservices Maharashtra tumbled on Tuesday after the Tata Sons Chairman N Chandrasekaran said that he would take a “tough call” about the telecom business in this financial year.
9.52 am: Infosys share surge 1% on buyback record date announcement: Shares of India’s IT bellwether Infosys surged by more than 1% on Tuesday morning, after the company fixed November 1, 2017, as the record date for its share buyback programme yesterday.
9.43 am: Sensex clinches up 100 points; Infosys shines on fixture of buyback record date: Sensex and Nifty opened marginally higher on Tuesday as optimism about the better-than-expected second quarter earnings for the financial year 2018 and macroeconomic data grew.
