Infosys jumps 4% as firm raises FY19 revenue guidance

Infosys was trading 3 per cent higher at Rs 702 on BSE, as compared to a 0.55 per cent decline in the S&P BSE Sensex.

Shares of Infosys were up 4 per cent at Rs 709 apiece on BSE in the morning trade in an otherwise weak market after the software services firm increased FY19 constant currency (CC) revenue growth guidance to 8.5-9 per cent from 6-8 per cent earlier. The company has maintained its EBIT (earnings before interest and tax) margin guidance range at 22-24 per cent.

India's second largest IT services firm, on Friday, announced a special dividend of Rs 4 per share. The company announced buyback under the open market route of Rs 8,260 crore at a maximum price of Rs