Markets extend winning run for 4th day; TCS spurts 5.47 pc on Q1 show

11 July 2018, 04:06 PM
Markets extend winning run for 4th day; TCS spurts 5.47 pc on Q1 show (Photo: PTI)
Markets extend winning run for 4th day; TCS spurts 5.47 pc on Q1 show (Photo: PTI)

Benchmark Sensex rose over 26 points to close at 36,265.93 on Wednesday, powered by a rally in IT bellwether TCS following better-than-expected quarterly results.

TCS spurted 5.47 per cent to its lifetime high of Rs 1,979.60, a day after the country’s largest software exporter posted a 23.4 per cent rise in consolidated net profit for the June quarter.

Extending its winning run for the fourth day, the 30-share barometer, after opening on a strong footing on optimistic buying by participants, gathered momentum to touch a high of 36,362.30.

However, it shed some ground on profit-booking and slipped to touch a low of 36,169.70, before finally finishing at 36,265.93, up by 26.31 points, or 0.07 per cent.

The 50-share NSE Nifty too closed at 10,948.30, up just 1.05 points, or 0.01 per cent, after moving between 10,976.65 and 10,923.

Meanwhile, domestic institutional investors (DIIs) net bought equities to the tune of Rs 293.96 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 20.73 crore on Tuesday, provisional data showed.

First Published: Wednesday, July 11, 2018 04:04 PM

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