Sensex, Nifty Open Higher; IT Stocks Extend Gains
(RTTNews) - Indian shares opened on a positive note Thursday, tracking firm cues from global markets, helped by Netflix's robust quarterly results, Fed rate-cut optimism and U.S. President Trump's new initiative on artificial intelligence.
The benchmark S&P/BSE Sensex edged up by 190 points, or 0.3 percent, to 76,596 in early trade while the broader NSE Nifty index was up 57 points, or 0.3 percent, at 23,212.
IT stocks continued to rise, with Wipro climbing 4.2 percent and Tech Mahindra adding 1.7 percent.
Among other prominent gainers, Tata Consumer Products, UltraTech Cement and Mahindra & Mahindra all gained around 2 percent.
Hindustan Unilever declined 1.6 percent on concerns about weak demand outlook.
Polycab India jumped 3.6 percent on posting better-than-expected Q3 results.
Persistent Systems soared 10 percent on reporting a 30 percent rise in Q3 net profit year-on-year.
BPCL fell about 1 percent despite reporting a 20 percent rise in Q3 net profit on healthy sales growth.
Laurus Labs added 2 percent after its U.S. subsidiary received Form 483 from the U.S. FDA with one observation.
Pidilite Industries surged 8.5 percent on reporting a 9 percent year-on-year rise in quarterly net profit.
Zensar Technologies jumped 9.7 percent despite reporting a marginal fall in Q3 net profit.
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