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Key benchmark indices opened higher buoyed by Infosys Q2 results.
At 9:19am, the 30-share BSE Sensex was up 131 points at 20401 levels while NSE Nifty was at 6061 up 40 points.
Infosys is trading higher by 3% at Rs 3,219 on the BSE after the information technology (IT) major revised its FY14 revenue guidance to 9-10% from 6-10% in dollar terms.
Meanwhile, the country’s second-largest software exporter has reported a lower than expected net profit growth for the quarter ended September 2013 as demand for information technology services slowed.
Infosys stocks witnessed its highest pre-open levels since Jan 2011. It is currently trading at Rs. 3,222 up Rs. 89 or 3% up.
The Indian rupee is trading at 61.22 against the dollar.
"During the quarter we witnessed broad-based volume growth, robust client additions, five large deal wins and increased sales momentum of our big data and cloud offerings. This growth is a result of our focus on execution, which helps our clients achieve their objectives." said S. D. Shibulal, CEO and Managing Director.
