The BSE index was trading 99.04 points or 0.16% higher at 61,249.08; Nifty rose 35.50 points or 0.19% to 18,247.85
Equity benchmark Sensex climbed nearly 100 points in early trade on January 13, tracking gains in index-heavyweights Infosys, TCS and Maruti.
Encouraging earnings reports by software majors TCS and Infosys supported domestic equities. However, weak macroeconomic data restricted appreciation bias to some extent, traders said.
The BSE index was trading 99.04 points or 0.16% higher at 61,249.08, battling heavy volatility in early trade. Similarly, the Nifty rose 35.50 points or 0.19% to 18,247.85.
Tata Steel, TCS, Infosys, Maruti and Sun Pharma were among the top gainers in the Sensex pack, with POWERGRID gaining over 2%.
On the other hand, Wipro, HDFC Bank, M&M and ICICI Bank were among the laggards.
The 30-share Sensex had closed 533.15 points or 0.88% higher at 61,150.04 in the previous session. Similarly, the NSE benchmark Nifty climbed 156.60 points or 0.87% to end at 18,212.35.
The country’s largest software exporter TCS on January 12 reported a 12.2% jump in the December quarter net profit at ₹9,769 crore, while Infosys reported a growth of nearly 12% in its net profit at ₹5,809 crore.
Meanwhile, Wipro reported a consolidated net profit of ₹2,969 crore for the December 2021 quarter, almost flat compared to the year-ago period.
On the domestic macroeconomic front, the Index of Industrial Production (IIP) rose 1.4% in November as most components such as manufacturing, power, mining, primary goods and consumer durables witnessed a slowdown.
Meanwhile, rising prices of essential kitchen items pushed retail inflation to a six-month high of 5.59% in December, close to the Reserve Bank’s upper tolerance limit of 6%.
Elsewhere in Asia, shares in Shanghai, Tokyo and Seoul were trading with losses in mid-session deals, while Hong Kong was in positive territory.
Stock exchanges in the US closed with gains in the overnight session.
Meanwhile, international oil benchmark Brent crude fell 0.21% to $84.89 a barrel.
Foreign institutional investors (FIIs) were net sellers in the capital market as they sold shares worth Rs 1,001.57 crore on January 12, according to stock exchange data.
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