IT shares trade firm post Infosys Q2 earnings
At 0930 hours, BSE IT index was up nearly 3% as compared to less than 1% rise in benchmark index.
Shares of information technology (IT) companies are trading firm in early morning deals on the bourses after the Infosys has revised its FY14 revenue guidance to 9-10% from 6-10% in dollar terms.
Infosys, Tata Consultancy Services (TCS), Wipro, Tech Mahindra and HCL Technologies are up between 1-5% on the Bombay Stock Exchange (BSE).
The BSE IT index, the largest gainer among the sectoral indices, was up nearly 3% or 210 points at 8,467 compared to less than 1% rise in benchmark index at 0930 hours.
Among the individual stocks, Infosys was the top gainer, up over 5% at Rs 3,295. The stock opened at Rs 3,320 and hit a high of Rs 3,360, its highest level since January 2011, in early morning deals on BSE.
HCL Technologies and Wipro were up 3% each at Rs 1,150 and Rs 493 respectively, while Tech Mahindra was up 2% at Rs 1,549.
TCS was up 2% at Rs 2,116, also its record high on the BSE. The company is schedule to declare its July-September (Q2) earnings on October 15.
Infosys, Tata Consultancy Services (TCS), Wipro, Tech Mahindra and HCL Technologies are up between 1-5% on the Bombay Stock Exchange (BSE).
The BSE IT index, the largest gainer among the sectoral indices, was up nearly 3% or 210 points at 8,467 compared to less than 1% rise in benchmark index at 0930 hours.
Among the individual stocks, Infosys was the top gainer, up over 5% at Rs 3,295. The stock opened at Rs 3,320 and hit a high of Rs 3,360, its highest level since January 2011, in early morning deals on BSE.
HCL Technologies and Wipro were up 3% each at Rs 1,150 and Rs 493 respectively, while Tech Mahindra was up 2% at Rs 1,549.
TCS was up 2% at Rs 2,116, also its record high on the BSE. The company is schedule to declare its July-September (Q2) earnings on October 15.