Indian shares started Friday on an optimistic note following data indicating an unexpected decline in consumer prices for June, fueling expectations for two Federal Reserve rate cuts this year.
The S&P BSE Sensex rose by 135 points, or 0.2%, reaching 80,033 in early trade, while the broader NSE Nifty index increased by 53 points, or 0.2%, to 24,368.
TCS surged nearly 3% after posting an 8.7% rise in first-quarter net profit, exceeding forecasts.
HCL Technologies saw a 0.5% uptick ahead of its earnings release.
Infosys gained 2% following the acquisition of an order from the Delaware Labor Department.
Shipping Corporation of India jumped 5.7% after the Union Ministry of Shipping reportedly proposed a joint venture between the state-run company and a public sector oil marketing company to manufacture very large oil tankers.
Rashtriya Chemicals & Fertilizers soared by 6.4% after its board placed a purchase order worth Rs 514.55 crore with Topsoe A/S for revamping its ammonia plant.
Oriental Rail Infrastructure advanced 5% after securing a Rs 432 crore order from Indian Railways.
SJVN added 2% following data showing that LIC had increased its stake in the state-run hydropower company to 2.26%.
Prestige Estates Projects climbed 0.6% after releasing its Q1 sales data.
Power Finance Corporation saw a slight increase after the government appointed Sandeep Kumar as Director of Finance.
Adani Wilmar rose 1.1% following its agreement to acquire a 67% majority stake in Omkar Chemical Industries in Gujarat.
