Sensex rises over 100 pts in early trade; Infosys is top gainer.
The 30-share BSE Sensex was trading 116.77 factors, or 0.32 percent, higher at 36,168.58. In the same way, the NSE Nifty climbed 18.65 points, or 0.18 percent, to 10,636.85.
Shares of Infosys rallied around 12 per cent after the IT major posted a stronger-than-expected 12.4 per cent rise in the first quarter consolidated net profit to Rs 4,272 crore, aided by large prices, and stated its FY21 earnings is likely to rise by up to 2 percent.
HCL Tech, TCS, Tech Mahindra and Sun Pharma are the other gainers.
In the last session, the BSE barometer finished 18.75 points, or 0.05 percent, higher at 36,051.81, as well as the broader Nifty closed 10.85 points or 0.10 percent up at 10,618.20.
Australian institutional investors were net sellers at the capital market on Wednesday, offloading equities worth Rs 221.70 crore, provisional exchange data showed.
According to traders, rally in IT stocks directed by Infosys maintained investor opinion positive, but concerns over increasing COVID-19 cases capped the profits.
Bourses at Shanghai, Hong Kong, Tokyo and Seoul were investing around 1 per cent lower, while stock exchanges on Wall Street finished on a positive note in gruesome session.
The number of instances across the world related to the disease has spanned 1.35 crore.
Meanwhile, international petroleum benchmark Brent crude stocks dropped 0.55 per cent to USD 43.55 percent barrel.