The market has opened in the positive terrain. The Sensex is up 78.79 points at 20207.20, and the Nifty up 23.85 points at 6061.90. IT bellwether TCS jumps over 3 percent on the back of stellar set of April-June quarter earnings. Its revenues rise over 4 percent in dollar terms sequentially. TCS's Q1 consolidated net profit rose higher-than-expected 16 percent year-on-year (6 percent quarter-on-quarter) to Rs 3,831 crore, helped by new deal wins and a foreign exchange gain. On International ground, US stocks finished higher on Thursday, with the Dow and S&P 500 setting fresh highs, boosted by a batch of upbeat economic reports and after Fed Chairman Ben Bernanke reiterated that monetary policy will remain highly accommodative, even as the central bank starts to pare back its bond buying, European shares closed higher too. Asian Markets were weak in the early trades today. BSE Mid cap and Small Cap were seen advancing today, small cap gained over 0.42% and mid cap surged 0.28%. On sectoral front, prices traded mixed with BSE IT posting the maximum gain by 3.12% while BSE Power is the worst performing to ease almost a percent at the time of writing this.
Further the market breath remains positive as 889 shares have advanced, 606 shares declined, and 71 shares are unchanged on BSE.
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