IT stocks surge on robust Infosys results

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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