Markets extend winning run for 4th day; TCS spurts 5.47 pc on Q1 show

Markets extend winning run for 4th day; TCS spurts 5.47 pc on Q1 show

PTIUpdated: Wednesday, May 29, 2019, 07:54 AM IST
article-image

Mumbai: Benchmark Sensex rose over 26 points to close at 36,265.93 today, powered by a rally in IT bellwether TCS following better-than-expected quarterly results.

TCS spurted 5.47 per cent to its lifetime high of Rs 1,979.60, a day after the country’s largest software exporter posted a 23.4 per cent rise in consolidated net profit for the June quarter.

Extending its winning run for the fourth day, the 30-share barometer, after opening on a strong footing on optimistic buying by participants, gathered momentum to touch a high of 36,362.30.

However, it shed some ground on profit-booking and slipped to touch a low of 36,169.70, before finally finishing at 36,265.93, up by 26.31 points, or 0.07 per cent.

The 50-share NSE Nifty too closed at 10,948.30, up just 1.05 points, or 0.01 per cent, after moving between 10,976.65 and 10,923.

Meanwhile, domestic institutional investors (DIIs) net bought equities to the tune of Rs 293.96 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 20.73 crore yesterday, provisional data showed.

RECENT STORIES

Opioid Overkill: McKinsey Under Probe For Maximizing Sale Of Drugs

Opioid Overkill: McKinsey Under Probe For Maximizing Sale Of Drugs

Vegetable Prices To Remain High Until June Due To Above-Normal Temperature

Vegetable Prices To Remain High Until June Due To Above-Normal Temperature

Volkswagen Tayron Debuts at Beijing Motor Show, Heading to India

Volkswagen Tayron Debuts at Beijing Motor Show, Heading to India

The King of All Terrain: 2024 Jeep Wrangler at ₹67.65 Lakhs

The King of All Terrain: 2024 Jeep Wrangler at ₹67.65 Lakhs

Luxury Redefined, Performance Amplified: BMW i5 M60 At ₹1.20 Cr

Luxury Redefined, Performance Amplified: BMW i5 M60 At ₹1.20 Cr