Titan Company, Housing Development Finance Corporation (HDFC) and Kotak Mahindra Bank were trading in the red.
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 were trading higher on Friday, mirroring global cues. The S&P BSE Sensex was hovering around 48,450, while Nifty 50 hit a fresh record high of 14,259 levels. Top BSE Sensex gainers were Tech Mahindra, Infosys, Tata Consultancy Services, Powe Grid Corporation of India, HCL Technologies, ONGC, Maruti Suzuki, UltraTech Cement among others. Tata Consultancy Services (TCS) shares were trading firm ahead of October-December quarter results. Titan Company, Housing Development Finance Corporation (HDFC) and Kotak Mahindra Bank were trading in the red. All the Nifty sectoral indices were trading with gains, led by Nifty IT index, up 1.67 per cent.
Tata Consultancy Services (TCS) will announce October-December quarter results later in the day today. Analysts expect robust revenue growth on the back of ramp-up of certain large deals. TCS share price jumped over 32 per cent in the calendar year 2020, while it managed to gain 15 per cent in the third quarter of FY21. In the recently concluded buyback, Tata Sons tendered shares worth Rs 10,000 crore of Tata Consultancy Services. The company’s cash reserves stood at Rs 58,500 crore as of September 2020.
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