Mumbai: Equity benchmark indices rose in early trade on Friday amid buying in IT stocks after TCS announced its June quarter earnings.
In early trade, the 30-share BSE Sensex rose 226.11 points to 80,123.45. NSE Nifty rose 82.1 points to 24,398.05.
Among the Sensex pack, the country's largest IT services company Tata Consultancy Services reported 8.7 per cent rise in net profit at Rs 12,040 crore in the June quarter, climbing over 2 per cent.
Infosys, Axis Bank, Mahindra & Mahindra, Bajaj Finance, Tech Mahindra and HCL Technologies were other major gainers.
Maruti, Asian Paints, Bharti Airtel and ITC were among the laggards.
"The positive domestic cues are TCS's better-than-expected numbers and positive management commentary which could lift most IT stocks higher," said VK Vijayakumar, chief investment strategist at Geojit Financial Services.
In Asian markets, Hong Kong was trading higher while Seoul, Tokyo and Shanghai were trading lower.
On Thursday, US markets closed mostly with losses.
Global oil benchmark Brent crude rose 0.25 percent to US$85.59 per barrel.
According to exchange data, foreign institutional investors (FIIs) sold equities worth Rs 1,137.01 crore on Thursday.
Retreating from early highs, the BSE benchmark on Thursday closed at 79,897.34, down 27.43 points or 0.03 per cent. NSE Nifty closed at 24,315.95, down 8.50 points or 0.03 per cent.
In early trade, the 30-share BSE Sensex rose 226.11 points to 80,123.45. NSE Nifty rose 82.1 points to 24,398.05.
Among the Sensex pack, the country's largest IT services company Tata Consultancy Services reported 8.7 per cent rise in net profit at Rs 12,040 crore in the June quarter, climbing over 2 per cent.
Infosys, Axis Bank, Mahindra & Mahindra, Bajaj Finance, Tech Mahindra and HCL Technologies were other major gainers.
Maruti, Asian Paints, Bharti Airtel and ITC were among the laggards.
"The positive domestic cues are TCS's better-than-expected numbers and positive management commentary which could lift most IT stocks higher," said VK Vijayakumar, chief investment strategist at Geojit Financial Services.
In Asian markets, Hong Kong was trading higher while Seoul, Tokyo and Shanghai were trading lower.
On Thursday, US markets closed mostly with losses.
Global oil benchmark Brent crude rose 0.25 percent to US$85.59 per barrel.
According to exchange data, foreign institutional investors (FIIs) sold equities worth Rs 1,137.01 crore on Thursday.
Retreating from early highs, the BSE benchmark on Thursday closed at 79,897.34, down 27.43 points or 0.03 per cent. NSE Nifty closed at 24,315.95, down 8.50 points or 0.03 per cent.
