Sensex up 114 points, Nifty above 10,720 mark; TCS, Infosys rose

stock market high Key Indices after opening in a flat note in the morning due to weak Asian cues. However, Sensex and Nifty erased their early losses and were trading in the green. The BSE Sensex was up 79.02 points or 0.23 per cent at 34,850.07 and the Nifty was up 10.4 points or 0.1 per cent at 10,710.85 in later hours.

The Sensex helped by a surge in prices of Infosys and TCS which were up by more than 2 percent each. Shares of ICICI Bank, HDFC Bank and Dr Reddy’s Lab were up by more than 1 percent each. Asian Paints, Coal India, Power Grid shares were among the top losers in the Sensex.

GAIL India, Zee Entertainment and Wipro shares registered gains in the Nifty, whereas shares of Kotak Mahindra Bank and Ambuja Cement posted declines. GAIL India’s stock was up over 1% as the company and Russia’s Gazprom have renegotiated their long-term 2.5-mtpa liquefied natural gas supply pact.

Shares of Sun Pharma rose over 1 percent to Rs. 583 after the company announced that it got license to sell the generic version of Linzess in US.

Shares of IPCA Laboratories Limited rose over 1 percent to Rs. 580.50 after the company said it acquired Pisgah Labs in US for USD 9.65 million.

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