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* NSE, ESB up about 0.2% each
* Top TCS boost after a strong Q4
* Infosys lags on margin concerns
By Chris Thomas
April 15 (Reuters) – Indian stocks rose slightly on Monday, along with their Asian counterparts, while Tata Consultancy Services Ltd. boosted the indexes after posting a record profit for the last quarter of the year. year, marking the beginning of the results.
Asian equities also rose to near nine-month highs, supported by strong Chinese exports and bank lending data, as well as positive headlines in Sino-US trade talks.
TCS and its smaller rival, Infosys, released Friday the results of the last quarter of fiscal 2018-19. The results come at a time when the country is going to the polls to elect its next government.
The broader NSE index was up 0.19% at 11,665.65 at 06:02 GMT, while the BSE benchmark was up 0.18% at 38,836.12.
"In the short term, Indian markets will be fueled by corporate profits, while the election outcome and the Indian Meteorological Department's monsoon forecasts will also be triggers," said Sumit Pokharna, vice president from Kotak Securities.
TCS, the largest software exporter in India, also released Friday its best turnover in 15 quarters and said that the company's largest market – banking, financial services and insurance ( BFSI) – had "fairly solid" prospects.
TCS shares climbed 3.7%, the largest gain for indices.
Tata Motors Ltd climbed 4.9%, reaching its highest level since Oct. 4, with percentage growth.
Infosys saw its shares fall by 4.7% after not impressing investors with its operating margin guidance for the 2020 financial year.
Infosys shares recorded their largest decline in intraday since October 11 and were the main obstacle to the indexes. (Report by Chris Thomas in Bengaluru, edited by Uttaresh.V)
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