MARKET UPDATE:Sensex up 300 points at 48,410 levels and Nifty hit an intra-day high of 14,259
Published On: Friday, January 8, 2021 | By: Team KnowMyStock
The markets in India made a strong start to today's(8th January 2021) session, with the Nifty50 index and the MidCap index hitting their fresh record high levels, on the back of firm global cues. The S&P BSE Sensex was up 300 points at 48,410 levels, while the Nifty50 index hit an intra-day high of 14,259, also its fresh record high. Tech Mahindra, Sun Pharma, and Infosys (all up 2%) were the top Sensex gainers. All the Nifty sectoral indices were trading with gains, led by the Nifty IT index, up 1.6 percent. In the broader market, the S&P BSE MidCap and SmallCap indices were trading 0.5 percent 0.9 percent higher, respectively. Information technology (IT) major TCS is among the five companies scheduled to announce their December quarter earnings today.
TCS is likely to post a robust performance for Q3FY21 on the back of strong demand in cloud adoption, tailwinds of large digital deals, project ramp-up and lower furloughs, analysts said.
Tags: Indian equity market TCS
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