Asian peers were trading broadly with gains. Hang Seng, Shanghai Composite, TOPIX, Nikkei 225 and KOSPI were all in the green.
Share Market News Today | Sensex, Nifty, LIVE share price: National stock benchmarks opened flat Thursday morning, despite positive global indices. S&P BSE Sensex lost almost 70 points to under 49,400 while Nifty 50 lost 14,550. ONGC, IndusInd Bank and ITC were the top winners on Sensex. Infosys, Tech Mahindra and HCL Technologies were the best. Among the sector indices, the Nifty IT index and Nifty PSU Bank were the only ones to trade with losses.
Information technology company Infosys and Wipro released their quarterly results on Wednesday. The IT company has announced strong revenue growth and increased profits, beating street estimates. Infosys said its revenue increased 5.5% sequentially to Rs 25,927 crore and net profits rose to Rs 5,197 crore, up 7.3% quarter-on-quarter. On the other hand, Wipro’s revenue for the period October to December was Rs 15,670 crore while net profit was Rs 2,970 crore. Both companies are even more optimistic about the future with strong transaction pipelines.