Business

The benchmark indices have ended at record highs on Thursday, powered by gains in innovation stocks following positive arise from leading business, Infosys and Wipro.

The benchmark BSE Sensex ended at 61,305.65, higher by 568.90 points or 0.94 per cent and the NSE Nifty settled at 18,338.55, up 176.50 points or 0.97 per cent.

The broader markets also ended strong, with the BSE Midcap index and BSE Smallcap index adding 0.5 percent each.On the stock-specific front, ITC, HDFC Bank, Powergrid and ICICI Bank ended 2-3 percent greater to top the gainers list on the BSE.Among the result prospects, Infosys surrendered most of its intra-day gains to end with limited gains of 0.2 percent at Rs 1,715.

The shares of the IT bellweather stock had touched an intra-day high of Rs 1,784 earlier in the session after the company reported a consolidated revenue of Rs 5,421 crore in the quarter ended September 2021, an increase of 11.9 percent compared to the very same quarter last year.

Wipro shares surged 5 percent to a 52-week high of Rs 708.50 after the IT significant reported a 19 per cent rise in combined net earnings at Rs 2,931 crore for the second quarter compared to Rs 2,466 crore in the exact same duration last year.And Mindtree ended 7 percent higher at Rs 4,691 after the company reported a 57.2 percent dive in net profit at Rs 398.9 crore in the quarter ended September 2021 compared to Rs 253.7 crore in the year-ago duration.

On the other hand, TCS, HCL Tech and Bajaj Financing ended with losses of around 1 per cent.

HCL Technologies will reveal its numbers later on in the day.The BSE market breadth was strong.

Out of 3,498 shares traded on the BSE, there were 1,703 advancing stocks as against 1,665 decreases.





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