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Sensex rises 200 points, Infosys gains 1% ahead of Q2 results

The BSE Sensex rises over 150 points, while the Nifty 50 trades above 10,530.  Here are the latest updates from the markets

Benchmark indices BSE Sensex and NSE’s Nifty 50 gained for the third straight session on Tuesday as investors shifted their focus to September quarter earnings season from global trade and geopolitical tensions. Hero MotoCorp and Infosys are among the key companies reporting their Q2 results later in the day. Asian stocks edged higher, although increasing tensions between Saudi Arabia and the West fanned geopolitical concerns and capped gains. Earlier in the U.S., the tech- heavy Nasdaq indexes led losses and the S&P 500 Index slipped. Oil ticked higher amid tensions between Saudi Arabia and the U.S. over the disappearance of a prominent journalist, while gold held gains.

10.05 am IST
Indiabulls Housing Finance shares up after results
Shares of Indiabulls Housing Finance traded 0.35% up at Rs 952 per share. In intraday trade, the stock rose as much as 2.96% to Rs 976.85. The company on Monday reported a profit of Rs 1,044.1 crore for the second quarter of the current fiscal, up 21.2% over the year ago period. The company’s profit after tax was Rs 861.3 crore during July-September quarter of 2017-18. Total revenue was Rs 4,255.27 crore in the second quarter compared to Rs 3,452.45 crore in the year- ago period.

9.58 am IST
Hero MotoCorp shares up ahead of earnings
Shares of Hero MotoCorp tradd 0.53% up at Rs 2,898.65 per share ahead of its September quarter earnings announcement due later in the day. Intraday, the stock rose as much as 0.8% to Rs 2909.35.

9.33 am IST
Market update: Sensex, Nifty rise for 3rd day
The BSE Sensex traded 211.21 points, or 0.61%, higher at 35,076.31, while the Nifty 50 gained 49.45 points, or 0.47%, to 10,561.95. The BSE Sensex opened 139.23 points up at 35,004.33 and the Nifty 50 opened 37.65 points higher at 10,550.15. The BSE MidCap and SmallCap indices rose 0.83% and 1.05%, respectively. All the sectoral indices on BSE advanced with auto, realty, healthcare and consumer discretionary goods rising over 1%.

source: livemint.com

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