Accurate trading tips: Sensex erases early gains, Nifty hovers around 7850

The market has opened sharply higher on Monday with the Sensex rising more than 200 points following Infosys' Q4 earnings but could not sustain gains for long due to weakness in global peers.

The Sensex rose 10.39 points to 25637.14 while the Nifty fell 6.15 points to 7844.30.

Infosys surged 7 percent post Q4 earnings and FY17 guidance while TCS fell nearly 2 percent after US grand Jury slapped a fine of USD 940 million on two Tata group companies in a trade secret lawsuit. TCS will also deliver its Q4 earnings today later in the day.

ITC gained nearly 2 percent as the company will resume manufacturing of cigarettes at its factories soon following a favorable High Court order. Manufacturing had been suspended since April over the large pictorial warning issue.

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market has opened sharply higher on Monday with the Sensex rising more than 200 points following Infosys' Q4 earnings but could not sustain gains for long due to weakness in global peers. The Sensex rose 10.39 points to 25637.14 while the Nifty fell 6.15 points to 7844.30. Infosys surged 7 percent post Q4 earnings and FY17 guidance while TCS fell nearly 2 percent after US grand Jury slapped a fine of USD 940 million on two Tata group companies in a trade secret lawsuit. TCS will also deliver its Q4 earnings today later in the day. ITC gained nearly 2 percent as the company will resume manufacturing of cigarettes at its factories soon following a favourable High Court order. Manufacturing had been suspended since April over the large pictorial warning issue.

Read more at: http://www.moneycontrol.com/news/local-markets/sensex-erases-early-gains-nifty-hovers-around-7850-infosys-up_6292381.html?utm_source=ref_article

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