Sensex gains 105 points in opening trade, TCS climbs 3.53 per cent

The Bombay Stock Exchange benchmark Sensex rose by over 105 points in opening trade on Friday, with IT stocks leading the gains after Tata Consultancy Services posted a 26.7 pc rise in Q1 profit to Rs.2,415 crore.

The 30—share index of the Bombay Stock Exchange, which has gained 206.58 points in the past two sessions, moved up further by 105.35 points, or 0.57 per cent, to 18,723.55 points in opening trade today.

In a similar fashion, the wide—based National Stock Exchange Nifty index gained 27.50 points, or 0.49 per cent, to 5,627.40.

Brokers said the trading sentiment was buoyed after the country’s largest software company Tata Consultancy Services (TCS) posted a 26.7 per cent rise in net profit to Rs. 2,415 crore for the first quarter of FY2011—12.

Stocks of TCS were trading 3.53 per cent higher at Rs.1,165, while the most—weighted IT firm Infosys gained 0.55 per cent to Rs. 2,756, lifting the IT sector index by 1.38 per cent to 5,915.68 points in opening trade.

Meanwhile, in the Asian region, Japan’s Nikkei rose by 0.20 per cent, while Hong Kong’s Hang Seng index shed 0.35 per cent in morning trade today.