Oct 09, 2013, 02.31 PM IST
Infosys gained strength today after seeing a consolidation in previous two sessions, rising 1.6 percent ahead of its September quarter earnings on Friday. Experts believe technology companies are going to report strong numbers during the quarter due to rupee depreciation.
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Sensex surges 160 pts; Tata pack leads, Infosys strengthens
Infosys gained strength today after seeing a consolidation in previous two sessions, rising 1.6 percent ahead of its September quarter earnings on Friday. Experts believe technology companies are going to report strong numbers during the quarter due to rupee depreciation.
Like this story, share it with millions of investors on M3
Sensex surges 160 pts; Tata pack leads, Infosys strengthens
Infosys gained strength today after seeing a consolidation in previous two sessions, rising 1.6 percent ahead of its September quarter earnings on Friday. Experts believe technology companies are going to report strong numbers during the quarter due to rupee depreciation.
14:26
Moneycontrol BureauLive Market Commentary
The market extended its gains after trade deficit narrowed in September. Traders are buying more shares of Reliance Industries , Infosys , HDFC Bank and L&T.
The Sensex is up 168.48 points or 0.84 percent at 20152.09, and the Nifty is up 48.35 points or 0.82 percent at 5976.75.
Trade deficit in September narrowed to USD 6.7 billion compared to USD 10.91 billion in last month. During the period, imports were down 18.1 percent at USD 34.4 billion year-on-year while exports jumped 11.15 percent at USD 27.68 billion (Y-o-Y).
Infosys gained strength today after seeing a consolidation in previous two sessions, rising 1.6 percent ahead of its September quarter earnings on Friday. Experts believe technology companies are going to report strong numbers during the quarter due to rupee depreciation.
Kotak Securities expects the company to increase the guidance range. "The return of Mr Murthy to Infosys has raised hopes on the medium-to-long term prospects of the company," Kotak says.
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