(Photo credit: Kamlesh Pednekar)
Benchmark indices were trading higher in Thursday’s volatile session, lifted by the rally in IT stocks.
The S&P BSE Sensex was trading near 36,200 levels, up 150 points, and the Nifty50 index was testing 10,700-mark. IT services major Infosys surged 10 per cent after its June quarter results beat Street estimates with an 11.5 per cent YoY rise in net profit at Rs 4,233 crore. Besides, other IT stocks also gained. HCL Tech, TCS, and Tech Mahindra climbed between 1 to 4 per cent and were the top Sensex gainers.
The trend among Nifty sectoral indices was largely in the red, although the Nifty IT index rose as much as 6 per cent intra-day.
In the broader market, the S&P BSE MidCap index was flat and the SmallCap index dipped half a per cent.