BSE Sesnex trades higher by nearly 200 points, while the Nifty 50 rises above 11,050. Here are the latest updates from the markets

Benchmark index BSE Sensex surged nearly 200 points to hit a fresh record high on Friday. Also, NSE’s Nifty 50 rose above 11,050 as investors shifted focus on June quarter earnings. IT major Infosys Ltd will report its Q1 earnings today after market hours. The Indian rupee strengthened against the US dollar, tracking the gains in Asian currencies. In global markets, Asian stocks tracked gains in US as China refrained from detailing retaliation plans against threatened US tariff increases. Oil prices edged lower and were set for a second weekly fall.

10.15 am IST
Cyient shares dive 4% as Q1 net profit fall
Cyient Ltd shares lost as much as 4.46% to Rs 708.90 after the IT firm’s Q1 net profit dropped 6% to Rs 82 crore. Revenues from operations rose 19% to Rs 1,080 crore during the quarter.

0.00 am IST
Fortis shares jump 4% on IHH Healthcare deal
Fortis Healthcare Ltd shares gained as much as 4.05% to Rs 147.90 per share as the hospital chain board approves IHH Healthcare offer at Rs170 per share. IHH will invest Rs 4,000 crore at Rs 170 per share in the company that operates about 30 private hospitals in India, where the race to cash in on a private healthcare boom is heating up. The offer is at a 19.5% premium to Fortis’ closing price on Thursday.

9.52 am IST
HCL Tech shares dive over 2% after share buyback announcement
Shares of HCL Technologies Ltd fell 2.30% to Rs 982.15. The board of HCL Tech on Thursday approved a share buyback plan worth Rs 4,000 crore, the firm said in a stock exchange filing. The company will buy back the shares at ₹1,100 per share. The buyback is at a premium of 9.4% to the closing price of the stock on Thursday. Public shareholders hold a 39.83% stake in the company, with retail investors holding around 2.45% stake.

source: livemint.com