Share Market LIVE: Sensex recoups losses, trades flat, Nifty regains 14,550; Infosys, HCL Tech top drags

Asian peers were largely trading with gains. Hang Seng, Shanghai Composite, TOPIX, Nikkei 225, and KOSPI were all in the green.

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity benchmark indices opened flat on Thursday morning, despite positive global cues. S&P BSE Sensex was down nearly 70 points, moving below 49,400 while Nifty 50 gave up 14,550. ONGC, IndusInd Bank, and ITC were the top gainers on Sensex. Infosys, Tech Mahindra, and HCL Technologies were the top drags. Among sectoral indices, Nifty IT and Nifty PSU Bank index were the only ones trading with losses.

Information Technology firm Infosys and Wipro on Wednesday reported their quarterly results. Both the IT firm announced strong revenue growth and a jump in profits, beating street estimates. Infosys said its revenue grew 5.5% sequentially to Rs 25,927 crore and net profits increased to Rs 5,197 crore, up 7.3% quarter-on-quarter. On the other hand, Wipro revenues during the October-December period stood at Rs 15,670 crore while net profit was at Rs 2,970 crore. Both the firms are even more optimistic about the future with strong deal pipelines.

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