Indian share markets witnessed positive trading activity throughout the day today and ended higher.

Benchmark indices rallied for the third consecutive day today, lifted primarily by realty and IT stocks.

At the closing bell, the BSE Sensex stood higher by 255 points (up 0.5%).

Meanwhile, the NSE Nifty closed higher by 70 points (up 0.4%).

HCL Technologies and Larsen & Toubro were among the top gainers today.

ONGC and Eicher Motors, on the other hand, were among the top losers today.

The SGX Nifty was trading at 15,944, up by 81 points, at the time of writing.

The BSE Mid Cap index and the BSE Small Cap index ended up by 0.3% and 0.4%, respectively.

Sectoral indices ended on a mixed note with stocks in the realty sector, IT sector and capital goods sector witnessing most of the buying interest.

Oil & gas and energy stocks, on the other hand, witnessed selling pressure.

Shares of L&T Technology and Tata Elxsi hit their respective 52-week highs today.

Asian stock markets ended on a mixed note today.

The Hang Seng and the Shanghai Composite ended the day up by 0.8% and 1%, respectively.

The Nikkei ended down by 1.2% in today's session.

US stock futures are trading on a negative note today with the Dow Futures trading down by 80 points.

The rupee is trading at 74.54 against the US$.

Gold prices for the latest contract on MCX are trading up by 0.1% at Rs 48,335 per 10 grams.

In news from the IT sector, Infosys was among the top buzzing stocks today.

Shares of Infosys hit a fresh record high of Rs 1,597.3, up 1.3% on the BSE in the intra-day trade today after the country's second-largest information technology (IT) services player on Wednesday raised its revenue growth guidance for financial year 2021-22 buoyed by a robust deal pipeline.

Infosys now expects its revenue to grow by 14-16% in the financial year 2022, up from the earlier estimate of 12-14%.

This guidance is ahead of the one-percentage-point increase analysts were estimating. The company, however, maintained margin guidance at 22-24% in the current fiscal year.

For the quarter ended June 2021 (first quarter of 2022), Infosys reported a consolidated net profit of Rs 52 bn, up 22.7% year-on-year (YoY) and 2.3% sequentially.

The company's revenue grew 17.9% to Rs 278 bn on a YoY basis, while it rose 6% compared to the previous quarter. Its US dollar revenue grew at 4.7% sequentially to US$3.8 bn. In constant currency terms, it was up 4.8%.

The company said its June-quarter revenue growth was the fastest over the last decade.

Meanwhile, its total contract value (TCV) of large deals was US$2.6 bn during the quarter.

Infosys is one of the leading IT players catering to BFSI (banking, financial services, and insurance), retail, communication, manufacturing, and hi-tech verticals.

The company generates more than 50% of its revenues from digital technologies.

Infosys' share price ended the day up by 0.1% on the BSE.

Moving on to news from the engineering sector...

KNR Constructions Gains 7% as CRISIL Revises Rating Outlook to Positive

Shares of KNR Constructions (KNRCL) rose 7% to Rs 263 on the BSE today after CRISIL Ratings revised its outlook on the long-term bank facilities of the company to 'positive' from 'stable' and reaffirmed the rating at 'CRISIL AA-'.

The stock of the construction and engineering company had hit a 52-week high of Rs 260 on 30 June 2021.

The revision in outlook factors in expected improvement in scale of operations in KNRCL's business risk profile with the sustenance of revenue growth of over 15% annually in the medium term while maintaining its healthy financial risk profile, CRISIL said in a rating rationale.

The strong execution record along with a healthy order book (approximately Rs 116.5 bn as of June 2021) to revenue ratio of 4.5x times is expected to support revenue growth.

Operating income reported a healthy growth of 20% in fiscal 2021 despite the lockdowns imposed by the government to curb the spread of the pandemic in the first half of the year.

This was supported by the execution of orders from the irrigation segment which is a lesser labor-intensive work.

Further, the operating margin remained at healthy levels of 20% and is expected to sustain in the future as well, the rating agency added.

KNR Construction's share price ended the day up by 7.2% on the BSE.

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