Nifty rises for fourth day; up 75 points on Infosys results

Rising for the fourth straight day, the benchmark CNX Nifty was up by 75 points to end at 6,096.20 on the National Stock Exchange (NSE) today on buying in infotech stocks as the country's second largest software exporter Infosys posted smart quarterly numbers and raised annual sales forecast, amidst a firming global trend.
The 50-stock Nifty resumed higher at 6,104.85 and hovered in a range of 6,107.60 and 6,046.40, before ending at 6,096.20, showing a smart gain of 75.25 points or 1.25 per cent. It gained by 190.05 points or 3.22 per cent in four days.
Brokers said that the current rally was led by infotech stocks boosted by Infosys starting the second quarter earnings season.

The top five gainers in the Nifty pack were ICICI Bank 5.17 pct, Bank Baroda 4.90 pct, Infosys 4.70 pct, L&T 4.40 pct and Tata Motors 3.67 pct while top five losers were Coal India 3.88 pct, NTPC 2.60 pct, Hindalco 2.39 pct, Tata Power 2.39 pct and Sun Pharma 2.13 pct.
Asian and European stocks were up on hopes that US lawmakers will raise the debt limit and avoid a default, even as key indices in China, Hong Kong, Singapore, Japan, South Korea and Taiwan rose.
Turnover in the cash segment rose to Rs 12,427.52 crore from Rs 10,485.10 crore yesterday. A total of 6,124.59 lakh shares changed hands in 54,90,507 trades, while market capitalisation stood at Rs 64,97,231 crore.