Sensex up over 200 points; HCL Tech stock down post Q2 results

The Nifty Metal, Media and FMCG indices have also opened with gains of 0.5% each.

Oct 16, 2020 09:10 IST India Infoline News Service

Benchmark indices were trading with gains on Friday, following a one-day blip in the previous session. The S&P BSE Sensex index opened 208.20 points or 0.52% higher at 39,936.61 and the Nifty50 benchmark began the day at 11,727.40, up 47.05 points or 0.40%.

All sectoral indices have opened higher with the Nifty Bank and the PSU Bank index have opened with gains of 0.6%. The Nifty Metal, Media and FMCG indices have also opened with gains of 0.5% each.

Infosys, IndusInd Bank and HDFC Bank are the top gainers while HCL Tech, Infosys and Mindtree are the most active stocks.

HCL Technologies reported its September quarter net profit at Rs3,142cr and Rupee revenue was at Rs18,594cr. Shares fell as much as 2% post the announcement and the stock is down for the third straight day.

On the economy front, the government on Thursday said it plans to borrow Rs1.1 lakh crore in tranches to compensate states for tax losses due to the spread of coronavirus, breaking an impasse between the Centre and some of the states.

Related Story