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Sensex jumps 480 points on Tech Mahindra earnings
Telegraph India··17 Jul
Indian equities rose in early trade on July 17, with the Sensex up 480.95 to 77,656.56 and Nifty climbing 125.05 to 24,201. Tech Mahindra surged 28.4 percent after Q1 profit of Rs 1,465 crore. Infosys, TCS, HCL Tech, M&M and Reliance gained while Sun Pharma, Airtel, Trent and UltraTech lagged as FIIs sold heavily Thursday.
Prism
What It Means For You
- IT stocks rallied after Tech Mahindra reported Q1 profit of Rs 1,465 crore.
- Sensex and Nifty rose sharply in early July 17 trade.
- FII selling on Thursday signals caution despite the morning rally.
What's Happening
- Sensex gained 480.95 points to 77,656.56 in early trade.
- Nifty climbed 125.05 points to 24,201 on July 17.
- Tech Mahindra surged 28.4 percent after quarterly earnings.
Market Move Context
- Infosys, TCS, HCL Tech, M&M and Reliance also gained.
- Sun Pharma, Airtel, Trent and UltraTech lagged the rally.
- FIIs sold Rs 4,205.56 crore Thursday while Brent rose 0.85 percent.
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