Sensex, Nifty open mildly higher; Adani Ports, Yes Bank top gainers

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ITC, Kotak Mahindra Bank, HCL Technologies, HUL, Yes Bank, Adani Ports, Reliance Industries, Coal India and Eicher Motors were early gainers.

IT firm HCL Technologies said its profit for October-December quarter increased 0.3 percent sequentially to Rs 2,194 crore and maintained full-year constant currency revenue guidance.

Revenue during the quarter increased 3 percent quarter-on-quarter to Rs 12,808 crore and Dollar revenue rose 3.1 percent to USD 1,988 million with constant currency growth at 3.3 percent, it added.

Numbers barring operational performance beat analyst expectations. Profit was estimated at Rs 2,135 crore on revenue of Rs 12,788 crore and Dollar revenue at USD 1,978 million for the quarter, according to an average of estimates of analysts polled.

The software services provider has maintained its guidance for full-year constant currency revenue at 10.5-12.5 percent and operating margin (EBIT) at 19.5-20.5 percent. Constant currency growth in Dollar terms also maintained at 12.1-14.1 percent.

9:15 am Market Check: Equity benchmarks extended gains in the opening on Friday, with the Nifty holding 10,800 level.

The 30-share BSE Sensex rose 65.36 points to 35,325.65 and the 50-share NSE Nifty gained 8.30 points at 10,825.30.

About 749 shares advanced against 637 declining shares on the BSE.

ITC, Kotak Mahindra Bank, HCL Technologies, HUL, Yes Bank, Adani Ports, Reliance Industries, Coal India and Eicher Motors were early gainers.

UltraTech Cement, Infosys, Bharti Airtel, Vedanta, Wipro, ICICI Bank and Tata Motors were early losers.

GVK Power, Jaypee Infratech, down 2-3 percent

Wonderla Holidays, Jain Irrigation, Gitanjali Gems and TBZ gained 2-6 percent post-GST meet. Biocon rose 2 percent.


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