Infosys gains over 4% on Nandan Nilekani's return; Nifty IT up nearly 1%

Infosys opened at Rs 947 and has hit a high and low of Rs 953.5 and Rs 937.9 respectively.

Infosys gained as much as 4.4% to Rs 953.5 in the early morning deals after Nandan Nilekani returned at the helm of India’s second-largest software exporter as a non-executive chairman of the company on late Thursday evening. In comparison, the Nifty IT index gained 1% while the benchmark indices were up around 0.4%.
 
Nandan Nilekani, non-executive chairman of Infosys, has promised to bring stability back to India’s second-largest software exporter in spite of a “complex environment”. He has set his sights on creating a long-term governance structure in the company while focusing on short-term measures such as hiring a