Infosys results brings cheer for Indian stock markets
April 15 has come and Infosys made its results announcement today and there is cheer in the markets everywhere. The Indian stock markets were range bound in the first hours of trade but picked moment as the numbers rolled out.
Nifty is up 2.13% and is at 4879.65 by closing time. Nifty Junior is at 8248.65 up 1.83%. CNX IT is by 5.45% while Bank Nifty closed up by 1.14%.
Having the read the Infosys numbers and its guidance, few market analysts have already begun changing the IT Sector guidance to buy, which is actually a good sign. Infosys opened the trading day at Rs. 1440.00, hit an intraday high of 1525.00 and intraday low of 1420.00 and last traded at 1510.40 by closing bell. Top gainers on CNX IT include TCS, Mindtree, MPhasis, HCL Tech and Hexaware
Top gainers on the Nifty include Ranbaxy, TCS, HCL Tech, Infosys, Reliance Communication, Wipro, Hindustan Unilever, BPCL, Reliance Petrol and Satyam Computers. Top losers of the day include Zee Limited, Cairn, HDFC Bank, Hindalco, Ambuja Cement, SAIL, National Aluminium, ACC, Tata Steel and HDFC.
Add commentApril 15th, 2008