Sensex surges in early trade, HCL Tech jumps on Q2 earnings1 min read . Updated: 24 Oct 2019, 09:24 AM IST
- HCL Tech and L&T led gains in early trade
- Asian shares were mostly higher today
India's stock markets jumped sharply in early trade today with Sensex surging over 250 points and Nifty rising to 11,670. With the counting on for the state assembles of Maharashtra and Haryana, early trends indicate that the BJP may be on course of returning to power in the two states.
HCL Tech rose 4.5% while L&T gained 1.7%. Both the companies had announced earnings yesterday. IT major HCL Technologies on Wednesday posted a 6.9% rise in its consolidated net profit to ₹2,711 crore for the September 2019 quarter. HCL Tech also announced a bonus share scheme, under which it will offer one bonus share for each share held.
Asian shares pulled ahead on Thursday as corporate earnings and a ceasefire in northern Syria helped prop up sentiment, though the backdrop of trade and Brexit uncertainties was enough to prevent a decisive shift towards riskier assets.
MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.4% with Japan's Nikkei rising 0.66% to a one-year high. Australian shares climbed 0.5% while South Korea's KOSPI eased 0.1%. (With Agency Inputs)