Indian equity benchmark indices, Sensex and Nifty, rallied in early trade on Friday on the back of a surge in Infosys shares after the company raised its revenue growth guidance for FY26.
The 30-share BSE Sensex climbed 343.44 points to 83,726.15 and the 50-share NSE Nifty went up by 77.65 points to 25,743.25.
Infosys has raised its revenue growth guidance for FY26 to 3-3.5 per cent in constant currency, from 2-3 per cent earlier, making its stocks jump nearly 5 per cent. The Bengaluru-headquartered firm saw its revenue from operations grow by 8.9 per cent to ₹45,479 crore in the third quarter of the current fiscal, from ₹41,764 crore in the year-ago period.
Others, including Tech Mahindra, Mahindra & Mahindra, Kotak Mahindra Bank, Larsen & Toubro and HCL Tech were also among the gainers, though Eternal, Bharti Airtel, Bharat Electronics and UltraTech Cement were among the laggards.
Meanwhile, India’s Commerce Secretary, Rajesh Agrawal’s statement on Thursday about India and the US being “very near” to finalising the trade agreement helped buoy investor sentiment. Agarwal said the negotiating teams of both sides are discussing virtually all pending issues.
Also Read: Stock markets on a decline; open lower on foreign fund outflows
Stock markets were closed on Thursday on account of the Maharashtra civic polls, but foreign institutional investors offloaded equities worth ₹4,781.24 crore on Wednesday, while Domestic Institutional Investors (DIIs) bought stocks worth ₹5,217.28 crore, according to exchange data.
In Asian markets, South Korea’s Kospi index traded higher, while Japan’s Nikkei 225 index, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng index quoted lower. US markets ended higher on Thursday.
Brent crude, the global oil benchmark, dipped 0.24 per cent to USD 63.61 per barrel.
On Wednesday, the Sensex dropped 244.98 points or 0.29 per cent to settle at 83,382.71. The Nifty declined 66.70 points or 0.26 per cent to 25,665.60.
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