Sensex hits 3-week high on good results from Infosys

The BSE benchmark Sensex rallied by 192 points to hit a 3-week high in late morning trade today.
This was on persistent buying in IT, tech, realty, auto and capital goods in view of good second quarter results announced by IT major Infosys coupled with sustained foreign capital inflows.
IT major Infosys today reported a 1.6 per cent rise in consolidated net profit to Rs 2,407 crore for the second quarter ended September 30, 2013, on the back of large deals and increased sales from Big Data and Cloud.
The BSE-30 share index Sensex resumed higher at 20,535.90 and hovered in a range of 20,559.69 and 20,368.06 before quoting 20,464.43 points at 1030 hours.

It showed a gain of 191.52 points or 0.94 per cent from its last close.
The NSE 50-share barometer Nifty also rose by 53.15 points or 0.88 per cent to 6,074.10 at 1030 hours.

Major gainers were - Infosys (4.68 pct), Wipro (3.54 pct), TCS (2.27 pct), M&M (2.09 pct), Larsen (1.67 pct), Gail India (1.51 pct), Maruti Suzuki (1.25 pct), ICICI Bank (1.24 pct) and Tata Motors (1.18 pct).
Asian stocks edged higher in their early trade amid hopes that US lawmakers will lift the debt limit and avoid a default.
Key benchmark indices in China, Singapore, Japan, South Korea, Hong Kong, Taiwan and Indonesia rose by 0.44 to 1.51 per cent.

Foreign institutional investors (FIIs) bought shares worth a net Rs 614.27 crore yesterday, as per provisional data from the stock exchanges.