Reuters Market Eye - The BSE Sensex is up 0.49 percent and the Nifty gains 0.3 percent. Shares in Tata Consultancy Services , India's largest software services exporter, gain 5.3 percent after earlier making all-time high of 1,753 rupees, a day after posting April-June earnings that beat estimates and maintaining an upbeat outlook.
The results lift shares of other IT companies, with Infosys Ltd rising 1.9 percent and Wipro Ltd gaining 1 percent.
BSE's benchmark for IT stocks <.BSEIT> gains 3.1 percent after earlier making its all-time high at 7,124.07.
Mahindra and Mahindra Ltd gains 1.3 percent on value buying after near 10 percent fall in July as of Thursday's close was seen as overdone.
(Reporting by Abhishek Vishnoi)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app