IT stocks surge on robust Infosys results

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IT stocks surge on robust Infosys results
Infosys: Quotes, News
BSE 896.90BSE Quote12.65 (1.41%)
NSE 897.00NSE Quote12.55 (1.40%)
Wipro: Quotes, News
BSE 293.00BSE Quote1.85 (0.63%)
NSE 293.10NSE Quote1.2 (0.41%)
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
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