Infosys results for Fourth Quarter and Year ended
The benchmark index is flat in the early trade despite a better-than-expected third quarter result from IT bellwether Infosys. Most of the Asian markets are weak fell after Wall Street fell for the fourth session on Monday because of worries related to financial sector grew.
The Senex is up 57 points at 9,167 while Nifty is up 8 points at 2,781. Before the markets opened in India, Infosys reported its third quarter results. Software major Infosys Technologies announced a 33.31 per cent growth in consolidated net profit at Rs 1,641 crore for the third quarter ended December 31, over the corresponding period a year ago.
The Infosys stock is up over 4 per cent on better-than-expected numbers. Other Sensex stocks that are among the major gainers are Rel Infra and RCom, both up over 3 per cent.
Among the losers, Wipro and Tata Steel are down nearly 3 per cent. Among the sectoral indices on the BSE, the IT index is leading the gainers, up over 2 per cent, followed by the realty index.
Most of the major Asian markets are trading in the red on Tuesday after Dow fell 1.5 per cent on Monday.
The Dow Jones industrial average fell for the fourth session Monday as oil prices tumbled and as worries about the financial sector grew. So far this year, the Dow is down 3.5 per cent.
The Senex is up 57 points at 9,167 while Nifty is up 8 points at 2,781. Before the markets opened in India, Infosys reported its third quarter results. Software major Infosys Technologies announced a 33.31 per cent growth in consolidated net profit at Rs 1,641 crore for the third quarter ended December 31, over the corresponding period a year ago.
The Infosys stock is up over 4 per cent on better-than-expected numbers. Other Sensex stocks that are among the major gainers are Rel Infra and RCom, both up over 3 per cent.
Among the losers, Wipro and Tata Steel are down nearly 3 per cent. Among the sectoral indices on the BSE, the IT index is leading the gainers, up over 2 per cent, followed by the realty index.
Most of the major Asian markets are trading in the red on Tuesday after Dow fell 1.5 per cent on Monday.
The Dow Jones industrial average fell for the fourth session Monday as oil prices tumbled and as worries about the financial sector grew. So far this year, the Dow is down 3.5 per cent.
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