The market has opened higher with a big push from Infosys. The Sensex is up 125.98 points or 0.5 percent at 27373.14, and the Nifty up 31.10 points or 0.4 percent at 8438.30.
Infosys is up 3 percent on its Q3 results. Infosys has reported a 2.8 percent sequential growth in third quarter profit at Rs 3,708 crore and a 0.2 percent degrowth in revenue at Rs 17,273 crore. Dollar revenue declined 1.4 percent to USD 2,531 crore compared with previous quarter.
Infosys revised its full year revenue guidance to 8.4-8.8 percent from 8-9 percent in constant currency.
BHEL, ONGC, Coal India and L&T are gainers while ITC, TCS, Dr Reddy's Labs, Bahrti Airtel and Asian Paints are losers in the Sensex. The Indian rupee opened lower by 7 paise at 68.16 per dollar on Friday against previous close 68.09.
SELL INFOSYS FUTURE BELOW 991 TG 987, 982, 975 SL 997,
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