The BSE benchmark Sensex on Wednesday rose by 80 points in early trade, extending an upward streak for the third straight session, after Reliance Industries and HCL Technologies posted encouraging fourth quarter earnings.
The 30-share index, which had gained over 502 points in the previous two sessions, rose by 80.09 points, or 0.43 per cent, to 18,825.02, with stocks of IT, technology, realty and consumer sectors leading the rise in early trade.
Similarly, the wide-based National Stock Exchange index Nifty rose by 30.45 points, or 0.54 per cent, to 5,719.40.
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Shares of RIL rose 0.68 per cent to Rs 810, after the company on Tuesday reported a net profit of Rs. 5,589 crore in January-March as against Rs. 4,236 crore in the same period a year ago.
TCS surged one per cent to Rs. 1500, while HCL Technologies, which posted an over 72 per cent jump in net profit at Rs. 1,039.9 crore for the January-March quarter on Wednesday, was trading higher by up 4.30 per cent at Rs. 795.50.
In the Asian region, Hong Kong’s Hang Seng index was up by 0.16 per cent, while Japan’s Nikkei Index gained 1.03 per cent in the morning trade on Wednesday.
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The US Dow Jones Industrial Average ended 1.08 per cent higher in Tuesday’s trade.