Infosys third in m-cap

Riding high on better-than-expected results for the quarter ended September 2006, Infosys Technologies today climbed up to number three on the market capitalisation ladder, replacing state-owned National Thermal Power Corporation.

The Infosys scrip rose 4 per cent to Rs 1,980. With this, its market capitalisation swelled by Rs 4,189 crore to Rs 110,163 crore. NTPC, on the other hand, lost Rs 1,492 crore worth of market capitalisation to settle at Rs 107,348 crore. The NTPC scrip fell 1.36 per cent to Rs 130.20 today.

ONGC continues to be the leader, closely followed by Reliance Industries. TCS is at number five.

Infotech stocks witnessed a rally on Wednesday, triggered by Infosys' strong numbers. The Bombay Stock Exchange infotech index moved up 3 per cent to 4,585 even as the BSE Sensex and other sectoral indices ended the day in the red.

TCS surged 3.33 per cent to Rs 1,045 on expectation of better quarterly numbers.

Wipro advanced 1.73 per cent to close at Rs 529 and Satyam jumped 1.89 per cent at Rs 415.

Among second-rung tech stocks, I-gate Global zoomed 20.34 per cent to Rs 236; Zensar Technologies surged 5.93 per cent to Rs 249; Patni Computers soared 4.81 per cent to Rs 424 and Aptech added 3.84 per cent to Rs 149. Mastek, CMC, Datamatics Technologies and Tech Mahindra were up between 2 and 3 per cent each.