Sensex closes at 34101, up 161 points; Infosys up 3% ahead of Q4 earnings

Mumbai, Apr 12: Bulls continued to have upper hand at Dalal Street as benchmark indices gained for the 6th consecutive session on Thursday despite geopolitical tensions, as investors await Infosys earnings due tomorrow.
But the caution ahead of macro data – March CPI inflation and February industrial output – capped the upside.
The 30-share BSE Sensex rallied 160.69 points to 34,101.13, taking total six-day gains to nearly 1,100 points from around 33,000 levels.
The 50-share NSE Nifty rose 41.50 points to 10,458.70, driven by technology stocks and private banking & financials.
“IT index single-handedly pushed the benchmark higher and it’s indeed positive sign before the Infosys results. However, a word of caution is still recommended, considering the mixed undertone from the global markets,” Jayant Manglik, President, Religare Broking said.
Nifty should hold above 10,400 for further recovery and now the next major hurdle is at 10,600, he added.
The broader markets underperformed frontliners, with the Nifty Midcap falling 0.3 percent on weak market breadth. About three shares declined for every two shares rising on the BSE.
Global markets were under pressure amid geopolitical tensions. Investor sentiment was curbed by the threat of imminent US military action in Syria. France’s CAC, Germany’s DAX and Britain’s FTSE were mildly lower at the time of writing this article.
Asian markets – China’s Shanghai Composite, Japan’s Nikkei, Hong Kong’s Hang Seng and Australia’s ASX 200 ended down up to 0.9 percent.
Crude oil prices were volatile after sharp rise for last couple of sessions. Brent crude futures were trading at around USD 72 a barrel after hitting the highest level since late 2014.