Sensex is now up more than 800 points during afternoon trade on Friday led by IT, banks and real estate stocks.
Sensex is up 814 points at 72,535 points.
IT stocks are the top gainer on BSE after Infosys and TCS announced their quarterly results.
Among the Sensex stocks, Infosys is up 8 per cent, Tech Mahindra up 5 per cent, TCS up 4 per cent, HCL Tech up 3 per cent and SBI up 2 per cent.
Elara Securities said in a report that Infosys Q3 results reflect persistent revenue leakage; weak discretionary demand and disparity between deal wins and revenue growth.
“We find no green-shoots in management commentary regarding revenue growth outlook and assess limited room to utilise traditional margin levers (utilisation at 82.7%). With two quarters of revenue decline in H2FY24 (revised guidance implies a 0.7 per cent QoQ revenue dip in Q4E at mid-point), Infosys has had a very weak start to FY25," the report said.
Elara Securities said Tata Consultancy Services (TCS) delivered a revenue beat after two misses.
Q3FY24 revenue was up 1 per cent QoQ beating both median consensus estimates of 0.2 per cent growth and our estimate of 1 per cent contraction.
Pak plans to give Rs 14 crore to Masood Azhar from public funds: Rajnath Singh
Addressing troops at a military base in Gujarat's Bhuj, Rajnath Singh claimed that the Pakistan government intended to give Rs 14 crore to Masood Azhar, the UN-designated terrorist and chief of Jaish-e-Mohammed (JeM).
India's GDP growth in Q4 of 2024-25 expected at 6.8-7 per cent: Report
The Indian economy is expected to grow at 6.8-7 per cent in the fourth quarter of the financial year 2024-25, driven by the agriculture sector, according to a Bank of Baroda report released on Friday.
BJP, Congress welcome govt's move to send multi-party MP delegations abroad on Pahalgam attack
The Narendra Modi-led government's planned diplomatic initiative of sending multi-party MP delegations to major world capitals to expose Pakistan’s role in the recent Pahalgam terror attack and to rally global support against cross-border terrorism has won support from both the ruling BJP and the opposition Congress.
Operation Sindoor reflects PM Modi’s resolve, seamless intelligence, and armed forces’ power: HM Amit Shah
Union Home Minister Amit Shah on Friday lauded ‘Operation Sindoor’, India’s counterstrike in response to the deadly Pahalgam terror attack that claimed 26 lives, as a defining moment in the nation’s evolving security architecture.
Operation Sindoor: 48-member multi-party MP delegations to launch India's global diplomatic blitz from May 22
In a massive diplomatic push, the government led by Prime Minister Narendra Modi has decided to dispatch multi-party MP delegations to key world capitals to expose Pakistan's hand in the recent Pahalgam terror attack and to build global support against cross-border terrorism.
Priority given to development of border villages in North Eastern states: Union MoS Dr. L Murugan
The Union Minister of State for Information and Broadcasting and Parliamentary Affairs Dr. L Murugan on Thursday arrived here at Agartala on a two-day visit to the state and laid emphasis on proper implementation of the flagship programmes of the Prime Minister.
MHA sanctioned another Tripura State Rifles battalion: CM Saha
An official of the Tripura Chief Minister’s Office (CMO) said that the decision to create another TSR battalion was taken based on Chief Minister Manik Saha's proposal placed before Union Home Minister Amit Shah during his recent meeting in New Delhi.
CM Dr Manik Saha seeks support from DoNER ministry for AIMS in Tripura
Chief Minister Dr Manik Saha on Thursday attended the second meeting of the High-Level Task Force on Investment Promotion in the North Eastern Region chaired by the DoNER Minister Jyotiraditya Scindia and sought support of the ministry for establishment of AIMS in Tripura.