Stock Market Updates: Sensex In Red, Nifty Above 19,800; HCL Tech, Infosys Trade Lower

Sensex Today: The key frontline indices were sen holding modest gains in Thursday’s intra-day trades, as IT sector earnings offset an otherwise positive mood in the global market.

The S&P BSE Sensex opened 92 points higher at 66,564, and was quoting around 66,5580. The NSE Nifty was seen holding the 19,800 level in early deals.

TCS was down over 1 per cent after the IT major missed its Q2FY24 guidance. The company’s board also approved share buyback worth Rs 17,000 crore, at Rs 4,150 per share.

Among others, Tech Mahindra, Infosys, Bajaj Finance, and Wipro weighed on the sentiment. On the positive front, IndusInd Bank, NTPC, Axis Bank and Tata Motors were the notable gainers.

In the broader market, the BSE MidCap and the SmallCap indices advanced around 0.5 per cent each.

Global Cues

Overnight, the US market recouped losses and finished (up to 0.7 per cent) at the high point of the day as 10-year Treasury yields slipped to 4.57 per cent. The US market also awaits the inflation data later tonight.

In Asia this morning, Japan’s Nikkei was up 1.2 per cent. Kospi jumped 0.9 per cent, while Taiwan added 0.2 per cent.