The S&P BSE Sensex was up 500 points to 40,380 levels and the Nifty50 index conquered the 11,850-mark. TCS gained 4 per cent after exceeding analysts’ expectations on all fronts in its September quarter earnings. Wipro was also up 4 per cent after announcing that it will consider share buyback programme. Besides, Infosys and Tech Mahindra also gained 3 per cent and 2 per cent each, respectively.
All the Nifty sectoral indices were trading in the green, led by Nifty IT index, up 4 per cent.
In the broader market, the S&P BSE MidCap and SmallCap index were both trading half a per cent higher.
On the results front, a total of seven companies including 5paisa Capital, GM Breweries, and Prabhat Dairy are scheduled to announce their September quarter earnings today.