Infosys hits all-time high on BSE

IT bellwether Infosys Technologies today zoomed over 2 per cent to hit an all-time high on the BSE, driven by strong global cues, taking the entire technology pack higher by 83 points.

Shares of the company rallied 2.19 per cent to touch a lifetime-high of Rs 3,000 on the Bombay Stock Exchange. The scrip, however, ended at Rs 2,975.95, up 1.38 per cent from the previous close.

Analysts said the firm overseas trend bolstered the movement in the stock.

The counter saw a similar jump on the National Stock Exchange as well and ended 1.59 per cent higher at Rs 2,983.70. In terms of volume, over 13.5 lakh shares of the company were traded on the two bourses.

"The upmove was primarily triggered by the selective buying by the large fund houses and portfolio churning by the retail investors. Besides, the firm broader market also boosted the sentiment," CNI Research CMD Kishore P Ostwal said.

Meanwhile, the BSE-30 Sensex remained firm throughout the day and settled at 19,346.96, up 138.63 points from previous close. Infosys which carries the maximum weight on the Sensex after RIL, was the biggest contributor in the rise of the broader gauge with the addition of 25.20 percentage points.

Among the 13 sectoral indices, the BSE-IT index was the second highest gainer with an upsurge of 83.24 points to close at 5,804.72.

Most of the technology counters finished the day in the green. IT giant Wipro emerged as the top performer on Sensex and settled with a gain of 3.66 per cent at Rs 417.45, while TCS witnessed an upmove of 1.65 per cent to end at Rs 894.15.