HDFC Bank, Infosys Ltd Flat Ahead Of Q2

Sensex and Nifty opened on a positive note on Monday. Sensex gained over 100 pts and Nifty crossed the 10,200 level. HDFC Bank shares Flat were trading on a flat note ahead of Sept quarter earnings. HDFC Bank stock rose about 0.6 % to Rs 1,875 in later morning hours today. Its net interest income rose 20.2%  to Rs 9,610 crore V/s Rs. 7,994 crore year-on-year, while net profit seen increasing 20.7% Rs 4,171 crore from Rs 3,455 crore in the corresponding period last year.

Shares of Infosys Ltd also were trading flat in morning trade on Tuesday ahead of its results of Q2 Sept 30, 2017. Infosys will announce its financial results after market hours today. The scrip was trading 0.01% down at Rs 939.60 in the morning hours. Its shares opened at Rs 945 and touched a high of Rs 947.50 and low of Rs 937, during the time.

As per Reliance Securities estimation, Infosys Ltd may report revenue of Rs 17,560 crore in Quarter-2 FY-18 over Rs 17,078 crore in Quarter-FY 18. It said, the USD revenue is expected to jump by 3.6% on QoQ, while revenue in constant currency growth is pegged at 2.4% on QoQ.