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IT majors gain on Infosys nos, mid-caps lag

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BS Reporter Mumbai

The BSE IT index has finally advanced 2.7%  to 3,196.

Wipro gained 3.5% to Rs 384. Infosys added 3% to Rs  1,726 and TCS was up 1.5% at Rs 395.

However, Tech Mahindra slumped 6.5% to Rs 651

Aptech, Moser Baer, NIIT, Patni Computers, Mphasis and Rolta were the other losers.
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(Updated 1101 hrs)

The BSE IT index has soared after IT major, Infosys, recorded over 17% jump in Q1 net profit.

The IT index opened at 3,181 and surged 3.5% to a high of 3,236. It is now up 3% at 3,220.

Infosys announed its results before the market opened this morning. Following which, the stock moved up 2.7% to Rs 1,722 in early trades. Around 229,953 stocks have been traded on the BSE so far as against its two-week daily average traded volume of around 155,300 shares.

 

Infosys today reported 17.2% surge in Q1 net profit. Click to read details

HCL Technologies has surged 6% to Rs 187. Wipro has rallied 5% to Rs 390 backed by a volume of around 150,479 shares.

Tech Mahindra and Rolta have gained 4% each to Rs 725 and Rs 114, respectively. MphasiS has added 3.3% to Rs 383.

TCS has advanced 3% to Rs 400 with trades of over 202,512 shares on the BSE.

Oracle Finance Services Software, Aptech, Moser Baer and Patni Computers are also up 1-2% each.

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First Published: Jul 10 2009 | 4:16 PM IST

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