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Indian shares trade higher, software exporters lead gains

Indian shares trade higher, software exporters lead gains
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First Published: Fri, Mar 25 2011. 11 25 AM IST
Updated: Fri, Mar 25 2011. 11 25 AM IST
Mumbai: Indian shares trader higher on Friday morning led by software exporters. Falling jobless claims in the US is aiding sentiment. The four-week moving unemployment claims benefits fell to the lowest level in more than 2.5 years. Read more on US jobs data
Asian markets opened positively on expectations that rebuilding activity in Japan will lead to greater orders for construction companies.
Sensex: 18,527, +0.97%
Nifty: 5,572, +0.91%
Nikkei: 9,524, +0.95%
Hang Seng: 23,127, +0.93%
All sectoral indices on the BSE are trading with gain.
BSE IT: 6,222, +2.02%
BSE Capital Goods: 12,854, +0.94%
BSE FMCG: 3,483, +0.82%
BSE Bankex: 12,674, +0.72%
Information technology stocks gained on expectations that the recovery in the US economy will help improve business outlook for software exporters. Financial Technologies surged after the Business Standard reported that the company is planning to list its subsidiary MCX. HCL Technologies and Infosys Technologies are leading the gains in the IT pack.
Financial Technologies: Rs 819, +6.48%
HCL Technologies: Rs 477, +3.73%
Infosys Technologies: Rs 3,083, +2.60%
Wipro: Rs 447, +1.85%
Postscript: The government will unveil its borrowing calendar for the next fiscal later on Friday. The markets would be looking for some signals in that announcement.
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First Published: Fri, Mar 25 2011. 11 25 AM IST
More Topics: Markets Update | Stocks | Financials | BSE | Sensex |