Sensex, Nifty open flat as TCS, Infosys negate losses in Wipro, lenders
Benchmark market indices remained flat as losses in Wipro and private banks were offset by strength in Infosys and Tata Consultancy Services after Q3 results.
Indian shares were unchanged on Thursday as losses in Wipro and private banks were offset by strength in Infosys and Tata Consultancy Services after the technology firms logged strong third-quarter numbers and projected tech spending to continue.
The NSE Nifty 50 index rose 0.06% to 18,224.35 by 9:23 am, while the S&P BSE Sensex added 0.06% to 61,195.93.
Tech giants Infosys and Tata Consultancy Services jumped 1.5% each and were the top gainers on the Nifty 50 index.
Infosys on Wednesday lifted its revenue outlook for the financial year to end-March 2022, while TCS reported a 12.3% rise in quarterly profit.
However, peer Wipro slid 4% and was the top percentage loser on the Nifty 50 index after it posted a near flat net profit.
Private sector lenders also weighed on the markets, with Nifty's private bank index falling 0.45%.