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The IPO comprises fresh issue of equity shares worth Rs 525 crore and an OFS of 43,111,670 equity shares
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IT sector earnings have been positive with bullish outlook, large caps look promising post earnings
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The company has further increased its revenue growth guidance to 16.5%-17.5% from 14%-16% given earlier.
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"India's second largest IT company reported a net profit of Rs 5,421 crore for Q2 beating street estimates"
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"Apart from this the strong FII inflow and the positive macro data have been supporting the sentiments"
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Sensex jumped 331 points or 0.55% to 61,068. Likewise, the Nifty 50 was quoting at 18,285 higher by 123 points or 0.68%.
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Wipro, Infosys, Mindtree, Hero Motocorp, KEC International, Westlife Development are some of the stocks that buzz in today's trade.
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Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 78 points at the opening bell.
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Shivangi Sarda of Motilal Oswal Financial Services is bullish on Tata Steel with a price target of Rs 1,422 per share.
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The Nifty rose 169.80 points, or 0.94 percent, to 18,161.75, a record closing high.