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Markets rally on IT Stock gains; rupee remains flat against dollar
Updated On: 12 July, 2024 11:41 AM IST | Mumbai | mid-day online correspondent
TCS shares rose over 2 per cent as the IT company reported an 8.7 per cent increase in net profit for the June quarter, reaching Rs 12,040 crore
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Equity benchmark indices rose in early trading on Friday, supported by buying in IT companies following Tata Consultancy Services` (TCS) June quarter earnings report. The 30-share BSE Sensex surged 226.11 points to 80,123.45, while the NSE Nifty advanced 82.1 points to 24,398.05.
TCS shares rose over 2 per cent as the IT company reported an 8.7 per cent increase in net profit for the June quarter, reaching Rs 12,040 crore. Other notable gainers included Infosys, Axis Bank, Mahindra & Mahindra, Bajaj Finance, Tech Mahindra, and HCL Technologies. In contrast, Maruti, Asian Paints, Bharti Airtel, and ITC were among the laggards, reported PTI.
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