The benchmark BSE Sensex rose over 108 points in early trade on Thursday, following gains in IT stocks, after Infosys reported a better-than-expected rise of 24.9 percent in Q4 net profit at Rs 2,992 crore.
However, disappointing IIP numbers released after market hours on Friday, limited the gain.
Besides, a mixed trend in the other Asian markets also influenced the trading sentiment here.
The 30-share index rose by 108.35 points, or 0.47 percent, to 22,737.31, with stocks of IT, tech, metals, healthcare and realty sectors leading the rise. The gauge had lost 86.37 points in the previous session on Friday. Markets remained closed yesterday for “Ambedkar Jayanti”.
Similarly, the National Stock Exchange index Nifty edged higher by 12.45 points, or 0.18 percent, to 6,788.75.
Shares of Infosys rallied by 3.31 percent to Rs 3,343 in early trade.
Other IT stocks which also gained were TCS (up 1.01 percent) to Rs 2,185.55 and Wipro (up 1.03 percent) to Rs 573.80.
Among other Asian markets, Japan’s Nikkei gained 1.14 percent while Hong Kong’s Hang Seng shed 0.14 percent in morning trade today.
The US Dow Jones Industrial Average ended 0.91 percent higher in yesterday’s trade.PTI