INSUBCONTINENT EXCLUSIVE:
Excluding banks, expectations for March-quarter results are positive: Analysts
The BSE Sensex rose for a seventh straight session on Friday, marking its longest
winning streak since November 2017, on the back of gains in index heavyweights such as Reliance Industries
IT major Tata Consultancy Services (TCS) and Infosys also advanced today
Sentiment was also upbeat after retail inflation eased to a five-month low in March, but remained above the Reserve Bank of India's
medium-term target, supporting views that monetary policy is likely to remain unchanged at the next review in early June.(: Nifty Reclaims
10,500, Infosys Rises Ahead Of Q4)"Ever since RBI (Reserve Bank of India) cuts its inflation trajectory, the equities have done well
And if this trend of falling inflation continue, good signs await the equity markets," said Vinod Nair, head of research at Geojit Financial
Investors now await January-March corporate results for future direction
Software services exporter Infosys Ltd will kick-start the March-quarter results season later in the day."Excluding banks, expectations for
March-quarter results are positive," Mr Nair added.The BSE benchmark index Sensex ended 91 points higher at 34,192, while the NSE Nifty
settled at 10,480, up 21 points.Among gainers, Reliance Industries closed 1.1 per cent higher
Infosys settled 0.8 per cent higher, extending gains into a fourth straight session
Another IT heavyweight TCS also advanced, gaining 0.4 per cent
Among other Nifty50 gainers, Adani Ports and Special Economic Zone, Wipro, Tech Mahindra, Indiabulls Housing Finance and Hindalco Industries
rose between 2.2 per cent and 2.9 per cent.Global equities and commodities rose, with stocks set to post their biggest weekly gain in over a
month as investors seemed to shrug off the uncertainty over tension in the Middle East and the prospect of a global trade war.
