Indian markets celebrates on Infy's gains

Indian markets regained their lost charm as the results season started. Infosys, India's largest IT company posted 9.7% rise in its second quarter FY12.

The company's net profit rose to Rs 1,906 crore for the quarter ended September 30, 2011 against Rs 1,737 crore in the same quarter previous year.

The 30-share Bombay Stock Exchange closed 421 points or 2.55% higher at 16,958 level, while NSE Nifty ended 125 points or 2.51% higher at 5,099 level.

Infosys Technologies lead the markets, ended 174 points up at 2,579 on BSE.

While the top gainers on NSE were Infosys, SBI, Tata Motors, Jindal Steel and Kotak Mahindra gained by 7.05%, 6.54%, 5.23%, 4.62% and 4.5%, respectively.

Most active stocks on NSE were Tata Motors, Unitech, JP Associates and Dhanlaxmi Bank.

The stocks which failed to attract traders and ended negative were Coal India (2.53%), Tata Power (1.41%), BPCL (0.96%), Bharti Airtel (0.76%) and Ranbaxy (0.45%).

On BSE, the sectors performed extremely well were IT, Teck, Bankex, Realty and Consumer Goods, posted gains of 5.21%, 3.83%, 3.38%, 2.97% and 2.44%, respectively.

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