The BSE Sensex and NSE Nifty bounced back with more than 0.5% gains in early trade on Friday, after yesterday's fall due to Infosys' Q1 results.
Country's largest software services exporter TCS shot up 3.5% after better than expected numbers for the quarter ended June 2012. Net profit grew by nearly 12% quarter-on-quarter to Rs 3280.5 crore, which was quite better results as compared to software bellwether Infosys (that disappointed the street yesterday).
HCL Tech and Wipro moved up over 1% while Infosys lost 1.5% after losing more than 8% yesterday.Among other largecaps, PNB, HDFC Bank, Ranbaxy Labs, Coal India, Tata Steel, L&T, DLF, Ambuja Cements and SAIL were on buyers' radar.However, ITC and Pharma were down 0.3% each.The CNX Midcap Index rose 17 points to 7,468. About two shares advanced for every share declining on the National Stock Exchange.In the second line shares, MTNL went up 4% as sources said company will consider land bank sale & network leasing.
Bajaj Hindusthan and Balrampur Chini moved up 1.8% each.Manappuram Finance, DCB and Hexaware were up 1.5-2%.
3i Infotech rallied 4.5% as company allotted 24.62 lakh shares to Goldman Sachs on July 12 on conversion of FCCBs.
UB Holdings, Kingfisher Airlines and United Spirits were up 1-2% whereas Mangalore Chemical was down 1%.
Aurobindo Pharma and Divis Labs declined 0.5-1% as AP Pollution Control Board asked 12 pharma units to shut down.
Sintex rose 0.5% ahead of quarterly numbers today.
Karnataka Bank was up over 1% on reports of merger with private bank.
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