IT index up 1.66%, outpaces Sensex
After remaining laggards in the Sensex rally, IT stocks on Tuesday made a U turn after Infosys beat market expectations on its second quarter results.
The Bombay Stock Exchange’s, BSE IT index gained 1.66% at 3,287.99 points, outpacing Sensex gain of 0.67 % which closed at 8,540.56 points.
In tandem, both Wipro and Satyam Computers gained over 1% to Rs 398.25 and Rs 599.10, respectively. Both the companies will announce their results on October 19.
NR to step down as exec chairman in ’06
Chief mentor and executive chairman of Infosys NR Narayana Murthy is set to retire as executive chairman in August, 2006, the month in which he turns 60, said Nandan Nilekani, managing director and CEO, in an investor teleconference.
The Bombay Stock Exchange’s, BSE IT index gained 1.66% at 3,287.99 points, outpacing Sensex gain of 0.67 % which closed at 8,540.56 points.
In tandem, both Wipro and Satyam Computers gained over 1% to Rs 398.25 and Rs 599.10, respectively. Both the companies will announce their results on October 19.
NR to step down as exec chairman in ’06
Chief mentor and executive chairman of Infosys NR Narayana Murthy is set to retire as executive chairman in August, 2006, the month in which he turns 60, said Nandan Nilekani, managing director and CEO, in an investor teleconference.
posted by Sensex-Blog Admin at 10:27 PM
0 Comments:
Post a Comment
<< Home