Published on 11/07/2017 1:26:13 PM | Source: Dion Global Solutions Ltd.

Technology stocks extend rally; Infy up 2%

Posted in Stock On The Move| #IT Sector #Stock On The Move

Shares of IT and Technology stocks extended rally for the second day and emerged as top gainers on the Bombay stock Exchange ahead of the beginning of June quarter earnings seasons this week. IT bellwether TCS will release April-June quarter earnings on July 13, 2017, while Infosys will declare its Q1 results on July 14, 2017. Meanwhile, BSETECk index was at 5752.59, up by 61.07 points, or by 1.07 per cent. Infosys was trading 2.28 per cent higher at Rs 980.90, followed by Tata Elxsi Ltd. (Rs. 1737.85, 1.82%), Cyient Ltd. (Rs. 529.95, 1.53%), Reliance Communications Ltd. (Rs. 24.75, 1.43%), Tata Consultancy Services Ltd. (Rs. 2475.55, 1.42%).

The BSE_IT index was at 10221.17, up by 149.21 points, or by 1.48 per cent. Datamatics Global Services Ltd. (Rs. 120.10, 7.47%), NIIT Technologies Ltd. (Rs. 593.10, 5.00%), Quick Heal Technologies Ltd. (Rs. 229.80, 4.64%), Moser Baer India Ltd. (Rs. 5.03, 4.14%), Tanla Solutions Ltd. (Rs. 39.60, 3.94%). Meanwhile, the broader benchmark BSE Sensex was trading at 31,876.65, up by 161.01 points, or 0.51 per cent, at 12:50 hours.