This is what the first actions at the markets look like today

The Nifty opened modestly higher as it was pulled in two different directions by a bullish earnings performance from Infosys on one side and a disastrous profit warning issued by Sun Pharma on the other.

The Index rose 11 points to 8,614 as Infosys' first quarter earnings beat street's expectations. The Advance-Decline Ratio on Nifty was 17:31, with Infosys surging 10 percent after its April-June Consolidated net profit stood at 3,030 crore rupees compared with 3,017 crore rupees in a poll of analysts. Sales clocked at 14,354 crore rupees compared with 14,100 crores estimate by brokerages.

Infosys also raised its FY16 Revenue guidance in Dollar terms to 7.2-9.2%, a rise of 1 percentage point. Infosys leapt 10 percent to 1,105 rupees in early deals.

This strong performance by Infosys also triggered buying on other IT companies which are yet to report earnings. Both HCL Tech and Wipro were in the list of top gainers on the NSE. Others on the list of gainers were Zee, Idea and Coal India, while Tata Power, ONGC and Hindustan Unilever slipped in trade.

The Sensex, on the Bombay Stock Exchange, too had a muted start, rising 34 points to 28,454. Its Advance-Decline Ratio was a negative 11/18. Bharti, Coal India and Cipla posted minor gains compared with Vedanta, Lupin and GAIL that lost ground.

The mood was, however, positive in the wider market with 881 shares gaining ground compared with 727 that fell in the first 30 minutes of trade. Bulls were also seen in command on the Futures and Options space with 87 futures rising compared with 72 that fell.

Other major Nifty companies reporting earnings are HDFC Bank, Hindustan Unilever, Asian Paints, Cairn and Idea Cellular.

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