The Nifty came off 90 points from the day's high while the market breadth is weak at 1:2 in favor of declines.
The Sensex rose 38.72 points to 27313.43 and the Nifty advanced 10.40 points to 8245. About 1219 shares have advanced, 1557 shares declined, and 408 shares are unchanged on the Bombay Stock Exchange.
Infosys rallied 4 percent after reporting a good set of numbers. Dollar revenues grew 0.8 percent in Q3 Q-o-Q, in line with estimates while margins beat estimates rising 65 basis points QoQ to 26.7 percent. Also company maintained FY15 dollar revenue growth guidance of 7-9 percent and reported volume growth of 4.2 percent Q-o-Q, the highest in last three years.
ONGC gained 3 percent and Oil India surged 4.6 percent. The government may exempt ONGC and Oil India from fuel subsidy for rest of FY15, reports media quoting unnamed sources.
The Sensex rose 38.72 points to 27313.43 and the Nifty advanced 10.40 points to 8245. About 1219 shares have advanced, 1557 shares declined, and 408 shares are unchanged on the Bombay Stock Exchange.
Infosys rallied 4 percent after reporting a good set of numbers. Dollar revenues grew 0.8 percent in Q3 Q-o-Q, in line with estimates while margins beat estimates rising 65 basis points QoQ to 26.7 percent. Also company maintained FY15 dollar revenue growth guidance of 7-9 percent and reported volume growth of 4.2 percent Q-o-Q, the highest in last three years.
ONGC gained 3 percent and Oil India surged 4.6 percent. The government may exempt ONGC and Oil India from fuel subsidy for rest of FY15, reports media quoting unnamed sources.
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