Sensex, Nifty trade higher; Infosys, Airtel stocks drop

The market breadth was positive on the NSE with 1,019 shares advancing, 502 shares declining, and 552 remaining unchanged.

Apr 15, 2019 04:04 IST India Infoline News Service

NSE Building
Equity benchmark indices opened higher on Monday as investors turned their focus on March-quarter earnings and macroeconomic data. Metal and realty indices rose 1%, followed by banking, FMCG, media and pharma.

The Sensex was up 55 points at 38,823 and the Nifty50 rose 16 points at 11,659. The market breadth was positive on the NSE with 1,019 shares advancing, 502 shares declining, and 552 remaining unchanged.

Shares of Infosys dropped 2.5% after the company reported numbers for Q4FY19. Constant currency (cc) revenue grew by 2.1% qoq and US revenue came in at USD3,060mn, up 2.4% sequentially. PAT increased by 12.9% qoq to Rs4,074cr against the median consensus estimate of Rs3,968cr.

Shares of TCS climbed 3% in the morning trade on the NSE after the company reported Q4FY19 numbers. PAT grew by 0.3% qoq to Rs8,126cr against median consensus estimates of Rs7,980cr. INR revenue grew by 1.8% qoq to Rs38,010cr, which is higher than median consensus estimates of Rs37,841cr.

Coal India, TCS, Tata Motors were among top gainers, while Infosys, GAIL, and Zee declined in today’s trade.

The Indian rupee opened higher by 8 paise at 69.07 per dollar on Monday vs. Friday's close 69.15/$.

On the economy front, Consumer Prices Index (CPI) for March 2019 expanded 2.86% compared to 2.57% in February, data released by the Ministry of Statistic and Program Implementation on Friday showed.

The Volatility gauge, India VIX is up 3.67% at 21.77.

The most active stocks on the NSE are Infosys, TCS, PC Jeweller, and Tata Motors.

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