The market remained firm in morning trade as the
Sensex rose 141.61 points to 28497.23 and the Nifty climbed 44.85 points to
8610.40. The broader markets outperformed benchmarks with the BSE Midcap and
Smallcap indices rising 0.7 percent and 0.9 percent, respectively.
More than two shares advanced for every share
declining on the Bombay Stock Exchange.
Shares of ICICI Bank, L&T, HDFC, Axis Bank,
SBI, Maruti, Dr Reddy's Labs, NTPC and Coal India gained 1-2 percent while Tata
Motors, ONGC, M&M, Bharti Airtel, Sesa Sterlite, Cipla and BHEL were down
over 1 percent.
TCS traded above its 200 DMA, up 1.5 percent as
Natarajan Chandrasekaran, CEO & MD that the company is confident of beating
the 12-14 percent NASSCOM guidance put out for FY16 and will be able to beat
the 13.1 percent guidance for FY15 as well.
Sun Pharma remained in focus after Taro reported
good numbers with net sales up 11.3 percent to USD 237.7 million, margins
expanded 380 basis points to 67 percent while net income up 23 percent at USD
142.5 million in Q3.
NBCC gained 4 percent after it secured project
management and consultancy business orders amounting to Rs 231.40 crore from
Indian Institute of Technology, Roorkee.
Fortis Healthcare surged 20 percent after 1.8
percent equity changed hands in 5 blocks on NSE and BSE.
NALCO rallied 5 percent on good Q3 numbers with
margins expanding to 27.6 percent versus 12.4 percent and profit up 171 percent
at Rs 354.5 crore. CIMB uppped target price to Rs 78 from Rs 72 earlier.