Share price of the country's largest outsourcing firm Tata Consultancy Services (TCS) surged 12.44 per cent to Rs.1,191 a day after the firm announced 23 per cent jump in fourth quarter profit
MUMBAI, INDIA: A benchmark index for Indian equities markets was trading 100 points higher in the afternoon session Tuesday, led by more than 12 per cent surge in the share price of Tata Consultancy Services (TCS).
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened in the positive at 17,154.75 points, was ruling at 17,195.82 points in the afternoon session, up 0.58 per cent or 99.14 points from its previous close at 17,096.68 points.
The 50-scrip S&P CNX Nifty of the National Stock Exchange was trading 0.42 per cent higher at 5,222.65 points.
Share price of the country's largest outsourcing firm Tata Consultancy Services (TCS) surged 12.44 per cent to Rs.1,191 a day after the firm announced 23 per cent jump in fourth quarter profit.
Wipro was ruling 2.82 per cent higher at Rs.435.65.
Hindalco Inds, 2.27 per cent higher at Rs.121.60; Coal India, up 1.94 per cent at Rs.361.80 and Tata Power, 1.91 per cent higher at Rs.104.15 were among the other major Sensex gainers.
Telecom stocks slumped after the regulator proposed a steep hike in 2G spectrum prices.
The country's largest telecom firm Bharti Airtel was down 2.64 per cent at Rs.304.40.
Other major Sensex losers were: L&T, down 1.82 per cent at Rs.1232; Mahindra & Mahindra, down 1.73 per cent at Rs.702.70; Maruti Suzuki, down 1.25 per cent at Rs.1358.15 and Gail India, down 1.11 per cent at Rs.348.70.