Research Infotech Morning Update - Sensex, Nifty Open Higher (But Not Sustain)

The Market has opened higher with a big push from Infosys. The Sensex is up 125.98 points or 0.5 percent at 27373.14, and the Nifty up 31.10 points or 0.4 percent at 8438.30. About 546 shares have advanced, 185 shares declined, and 219 shares are unchanged. Infosys is up 3 percent on its Q3 results.Infosys has reported a 2.8 percent sequential growth in third quarter profit at Rs 3,708 crore and a 0.2 percent degrowth in revenue at Rs 17,273 crore. Dollar revenue declined 1.4 percent to USD 2,531 crore compared with previous quarter.

Infosys revised its full year revenue guidance to 8.4-8.8 percent from 8-9 percent in constant currency. BHEL, ONGC, Coal India and L&T are gainers while ITC, TCS, Dr Reddy's Labs, Bahrti Airtel and Asian Paints are losers in the Sensex.

The Indian rupee opened lower by 7 paise at 68.16 per dollar on Friday against previous close 68.09. 
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