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Infy results takes markets on the high.

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%.



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