Block deal perks up Infosys Technologies

DALAL STREET SPIKES

Infosys Technologies was in action on Thursday following a block deal of five lakh shares in morning trades. The deal also resulted in a sharp surge in the total volume on the BSE.

The deal was struck at around Rs 1,640 per share. The parties to the deal were not known.

The stock ended 2.03 per cent lower at Rs 1,630.05 after a week ADR closing. The Infosys ADR was down 2.46 per cent to $56.38 on Wednesday night.

There was also profit booking across-the-board in the domestic market. The counter witnessed a volume of 10.53 lakh shares on the BSE. Thursday's turnover in Infosys was much higher than the that recorded on Wednesday.

Infosys was the second highest in terms of turnover, after car major Maruti Udyog, which clocked a turnover of Rs 197 crore. Technology stocks such as Satyam Computer was down 2.35 per cent to Rs 372.50 and Wipro was down 2.03 per cent to Rs 593.15.