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Live: TCS Q2 dollar revenue disappoints, Rs 17,000 Cr buyback announced| Infosys, HCL in focus

Indian equity market extended its northward journey for a second consecutive session with the Nifty50 climbing above 19,800, which is on expected lines, on October 11. Hence, if the index sustains the 19,750-19,800 area in the coming sessions, the march towards the 20,000 mark can't be ruled out, while taking support at 19,600-19,500 levels, experts said. The BSE Sensex jumped 394 points to 66,473, while the Nifty50 rose 122 points to 19,811. The broader markets also maintained momentum on positive breadth. The Nifty Midcap 100 and Smallcap 100 indices gained half a percent and 0.8 percent respectively, while about two shares advanced for every share rising on the NSE. This morning global cues are supportive with Wall Street clocking a 4-day winning streak and GIFT Nifty hinting at a higher open. IT pack will be in focus after TCS’ mixed quarterly show and buyback announcement and ahead of Infosys and HCL Tech Q2 earnings. Meanwhile, other stocks in focus today are IndusInd Bank and Delta Corp. Catch Nandita Khemka in conversation with Brijesh Ail, IDBI Capital Markets and Brijesh Ail, IDBI Capital Markets.

first published: Oct 12, 2023 08:40 am