Market view: Nifty above 9,300-mark, Infosys stocks gain

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Stock benchmark Indices open higher led by IT, realty and financial stocks. At 10.30-am, the Sensex traded 165 points higher at 31,753-mark, while the Nifty50 index stood at 9,308, up 42 points in trade.

Among sectoral indices, the Nifty IT index gained the most followed by Realty, Nifty Financial Services and Nifty banking while Nifty Metal, Nifty Auto and Nifty FMCG were trading with losses.

Tata Mogtors, Zee Entertainment, Infosys, IOC, and HDFC Bank were the top Nifty-fifty gainers, while Bharti Infratel, ITC, Marutu Suzuki and Eicher Motors traded in the red.

Banking stocks were also positive, with HDFC Bank climibng nearly 4 percent. The bank reported a 17.7-pc year-on-year rise in net profit at Rs.6927.70-Cr. Track the best update on stock market today, top stock to watch from the expert.

Shares of IT major Infosys was also trading higher, ahead of Q4 results to be announced later today.

Shares of TVS Motor Co gained 2.85-pc after the company on Friday reportedly announced the acquisition of the UK’s most iconic sporting motorcycle NORTON by acquiring certain assets of Norton Motorcycles (UK) through one of TVS Motor’s overseas arms.

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