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| IT majors gain on Infosys nos, mid-caps lag |
| BS Reporter / Mumbai Jul 10, 2009, 16:16 IST |
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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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