Stock markets end higher on rally in Infosys shares

Pedestrians walk past the Bombay Stock Exchange (BSE) building in Mumbai. (Photo: AFP)

Mumbai, Jan 16 (PTI) Equity benchmark indices Sensex and Nifty ended higher on Friday, driven by a sharp jump in Infosys after the company raised its revenue growth guidance for FY26.

After two days of losses, the 30-share BSE Sensex climbed 187.64 points, or 0.23 per cent, to settle at 83,570.35. During the day, it jumped 752.26 points, or 0.90 per cent, to 84,134.97.

The 50-share NSE Nifty rose 28.75 points, or 0.11 per cent, to 25,694.35.

From the 30-Sensex firms, Infosys jumped 5.67 per cent after the Bengaluru-headquartered firm saw its revenue from operations grow by 8.9 per cent to Rs 45,479 crore in the third quarter of the current fiscal from Rs 41,764 crore in the year-ago period.

The company has raised its revenue growth guidance for FY26 to 3-3.5 per cent in constant currency from 2-3 per cent earlier.

Tech Mahindra, HCL Tech, State Bank of India, UltraTech Cement and HDFC Bank were also among the gainers.

In contrast, Eternal, Asian Paints, Bharat Electronics, Sun Pharma and Maruti were among the laggards.

India and the US are “very near” to finalising the trade agreement, and it would be announced when both sides are ready, Commerce Secretary Rajesh Agrawal said on Thursday.

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