Infosys shares bounce back; up nearly 1%

Shares of Infosys today ended nearly one per cent higher on value-buying at lower levels in an overall positive broader market.
The IT major's scrip settled the day at Rs 3,389.45, a gain of 0.95 per cent at the BSE. In intra-day, it rose by 1.29 per cent to Rs 3,401.
At the NSE, Infosys shares closed 0.96 per cent up at Rs 3,390.
In the previous session, the bellwether stock had lost over 8.5 per cent on revenue outlook worries after the company said it expects sluggish growth in the January-March quarter due to muted spending by clients, especially in the retail sector.

Infosys CEO and Managing Director S D Shibulal said muted growth in the fourth quarter of 2013-14 may spill over to the next financial year also.
"At the beginning of the quarter (Q4) we gave guidance for FY 2014, several factors may result our revenues to be near the lower end of guidance," he had said at a Barclays investor meet on Wednesday.
Meanwhile, in the stock market, the 30-share Sensex ended at 21,809.80, up 35.19 points.