Shares of information technology (IT) companies are in focus after Infosys has reported a better-than-expected net profit for the third quarter ended December 2012 (Q3) and upped its full year guidance.
Infosys has rallied 13% to Rs 2,628, its sharpest single day gain in past one decade on the Bombay Stock Exchange (BSE). Tata Consultancy Services (TCS), Wipro, Mahindra Satyam, Hexaware Technologies, CMC and Tech Mahindra are trading higher by 2-4%.
The BSE IT index has surged 7.4% or 421 points compared to less than 1% gain in benchmark Sensex at 0933 hours.
Infosys said that it expects to see its dollar guidance for the fiscal at $7,450 million from the earlier stated $7,343 million.
