IT stocks surge on robust Infosys results

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IT stocks surge on robust Infosys results
Infosys: Quotes, News
BSE 964.10BSE Quote11.95 (1.24%)
NSE 964.50NSE Quote11.1 (1.15%)
Wipro: Quotes, News
BSE 460.10BSE Quote7.55 (1.64%)
NSE 460.40NSE Quote7.9 (1.72%)
Shares of IT companies surged on the bourses today with the index rising more than 7% on the BSE following a robust set of numbers from Infosys for q3 2013.

Infosys results beat market expectations on all parameters including revenues, net profits and revenue guidance.

Shares of Wipro surged 3.26%, Tech Mahindra was up by 2.11%, TCS gained 3.29%, Oracle Finance was up by 2.01% and Infosys surged 13.34% on the BSE at 9.50 am IST.

Tata Consultancy Services (TCS) will announce results on Jan 14, 2013, while the results of Wipro Q3 is expected on Jan 18, 2013.

Read more about: infosys, wipro
Story first published: Friday, January 11, 2013, 9:58 [IST]
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