New Delhi: The domestic stock markets are likely to trade higher on Thursday taking cues from the global markets. Asian stock markets rose, the US dollar eased and longer-dated bonds rallied as investors reckoned on inflation bringing forward rate hikes around the world. Trends on SGX Nifty indicated a positive opening for the markets back home. The Nifty futures were trading at 18,256, 78 points, up 0.43 per cent, on the Singapore Stock Exchange.
On Wednesday, the benchmark BSE Sensex had closed 148.53 points or 0.25 per cent higher at 60,284.31 – marking its new closing high. The broader NSE Nifty had surged 46 points or 0.26 per cent to its fresh closing peak of 17,991.95.
Infosys: The Indian IT major has raised its annual revenue outlook as demand rose for its software services from global businesses expanding their digital offerings during the Covid-19 pandemic. Infosys's net profit in the second quarter of the current fiscal rose 11.88 per cent to Rs 5,421 crore, compared to Rs 4,845 crore in the corresponding quarter in the year-ago period.