IT stocks surge on robust Infosys results

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IT stocks surge on robust Infosys results
Infosys: Quotes, News
BSE 1012.95BSE Quote1.25 (0.12%)
NSE 1013.60NSE Quote3.35 (0.33%)
Wipro: Quotes, News
BSE 474.25BSE Quote1.3 (0.27%)
NSE 475.80NSE Quote0.15 (0.03%)
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.

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