HCL Technologies, Cyient, and Den Networks are among the 21 businesses set to release their results today on the stock exchange.

Pre-open Session:

Market updates in real time: In pre-open trades, the BSE Sensex climbed to 61,600-odd levels, before rising 243 points to 60,979. The NSE Nifty 50 index rose 107 points to 18,269 points.

Pre-open IT earnings reaction: Infosys was up 0.4 percent to Rs 1,715. Wipro is up 1.1 percent to Rs 680, while MindTree is up 5.9% to Rs 4,620.

The top gainers in pre-open transactions were Nestle India, Tata Steel, ONGC, and PowerGrid Corporation.

Market updates in real time: On the bourses on Thursday, the benchmark BSE Sensex might reach 61,000 points, while the Nifty could reach 18,200 points, boosted by strong guidance from IT titans Infosys and Wipro.

Furthermore, strong global cues, stable oil prices, and dwindling Covid-19 instances at home will bolster mood. However, some volatility is unavoidable due to weekly F&O expiry and WPI-inflation statistics.

Today’s earnings

Today, a total of 21 firms, including HCL Technologies, Cyient, and Den Networks, will release their financial results.

On a year-over-year basis, analysts predict HCL Tech will see double-digit revenue increase of 12 to 13% in Q2FY22. The ramp-up of significant deals obtained in the preceding quarters, they argue, will drive the strong comeback.

Cues from afar

The S&P 500 rose 0.30 percent, the Nasdaq Composite increased 0.73 percent, and the Dow Jones remained unchanged.

In Asia, the Topix index in Japan gained 0.3 percent, the Kospi in South Korea gained 1.3 percent, and the Shanghai Composite Index in China remained unchanged. Futures on the S&P 500 were up 0.3 percent.

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