The BSE Sensex rises over 400 points, while the Nifty 50 trades above 10,700.  Here are the latest updates from the markets

Benchmark indices BSE Sensex and NSE’s Nifty 50 advanced over 1% today as second-quarter earnings seem to have boosted investor sentiment amid continued recovery in global markets. Infosys shares rose over 3.5% after the company announced its September-quarter results on Tuesday after markets. In Asian markets, stocks in Japan, China and Australia shares rose after upbeat US earnings reports drove a rebound on Wall Street and helped restore a little confidence in emerging market stocks and currencies. Oil prices edged up as industry data showed a surprise decline in US crude inventories, while global gold prices held near recent 11-week highs at $1,223.18. Minutes of the last Fed meeting are due out later Wednesday are expected to show policy makers remain committed to further gradual tightening.

10.18 am IST
Analysts maintain positive view on Infosys
Edelweiss Securities maintained Infosys as its top pick supported by robust deal-win momentum, digital-focused strategy, undemanding valuation and a high dividend yield of 4.7%. “We believe that sector is turning around and Infosys will be a key beneficiary,” it added. The brokerage maintained “BUY/SO” with a revised TP of Rs 880.

Morgan Stanley analysts say the company is starting to show similar vertical trends to those of Tata Consultancy Services. Strong deal win and net headcount addition point to a strong demand environment, it added.  Citi believes 2018 will be marginally better than 2017 for Indian IT, and says it
prefers Infosys over TCS given better visibility post Q2.  Macquarie raises PT to Rs 775, retaining “outperform” rating, but says Infosys still remains a work in progress, and, hence, 20% valuation discount to TCS is warranted.

Jefferies raises PT on US-listed stock to $11.40 from $11, by “buy” rating. EBIT margin of 23.7% was 80bps below estimate and investments are likely to accelerate in H2 vs H1 suggesting further margin pressure at least in the near-term, said Jefferies.  33 of 45 brokerages rate the stock “buy” or higher, nine “hold” and three “sell” or lower; their median PT is Rs 763, according to Reuters.

9.57 am IST
Hero MotoCorp shares recover, surge 3%
Hero MotoCorp shares opened lower, but soon surged as much as 3.21% to Rs 2992 per share. The company on Tuesday reported a 3.38% year-on-year decline in net profit to ₹976.28 crore during the September quarter (Q2) due to higher raw material costs and other expenses amid subdued demand in key markets of Kerala and West Bengal.

source: livemint.com