Sensex edges higher, Infosys recovers from rout

SENSEX-EDGES-HIGHER-INFOSYS-RECOVERS-FROM-RO:Sensex edges higher Infosys recovers from rout

 

Reuters Market Eye - The Sensex gains 0.35 percent, while the Nifty advances 0.28 percent. Bargain-hunting boosts recent under-performers: Infosys gains 0.38 percent after falling 12.1 percent in the previous three sessions.

Defensive stocks also benefit: cigarette maker ITC gains 1.25 percent.

Drug makers gain on expectations for solid April-June earnings: Dr.Reddy's Laboratories advances 2.55 percent ahead of results due on Thursday.

Among decliners, Tata Consultancy Services falls 1.89 percent, down for a second consecutive session on valuation concerns.

Airline stocks drop, with Jet Airways down 1.7 percent, on media reports state-owned oil marketing companies increased jet fuel prices.