Infosys lifts market to record high
DSIJ Intelligence / 11 Jul 2017
In Tuesday’s morning session, Nifty IT index was the top gainer among the sectoral indices on NSE.
In Tuesday’s morning session, Nifty IT index was the top gainer among the sectoral indices on NSE. Infosys was an eye catcher during the morning trading session. The stock has extended its gains to trade at Rs 986.25 per share, up by over 3%.
Other IT stocks like Tata Elxsi, TCS, KPIT and Tech Mahindra were contributing to the gains of Nifty IT index. These stocks have been trading up by over 2%.
Meanwhile, Infosys has lifted the markets to record highs on Tuesday. Nifty has touched 9,800 for the first time ever, while Sensex touched its all-time high of 31,842 level.
Bank Nifty has been consolidating during the morning hours. The index was trading at 23,699 level, marginally up by 0.1%. Bank Nifty has been under performing, but it has managed to sustain above the crucial support level of 23,500.