IT major Infosys has announced its quarterly results today. The results were mostly inline without much of negative surprises. This has boosted the trading sentiment in the markets.
At 10:04 AM, the Nifty is at 5033, up by 1.2% or 59 pts.
The CNX IT index has recorded a whopping gain of 5%.
Infy has moved up by 6.2%. Wipro has added 4.3% to the gains. TCS has also moved up by 4.2% in the trade. HCL Tech has seen a gain of 4%.
Some of the metal counters have also seen good amount of buying. Jindal steel has moved up by 3.2%. Sterlite has seen 1.2% rise.
Few stocks are on the losing side, including Tata Motors – down by 2%, Reliance Capital – down by 0.7%.