KEEP EYE ON INFY & TCS RESULT THIS WEEK

FOR LIVE MARKET CALLS FILL UP THE FORM GIVEN HERE>>>>

"BUY INFY FUTURE  ABOVE 675.50 TGT

682.50/ 693 SL 668.50"

Wednesday's session has ended on positive note .The sensex ended at 36213, up 232 points, while the Nifty settled at 10855, up 53 points . The Infosys stock rose in early trade after the second-largest IT  company  said its board would consider a buyback programme and payment of special dividend, among other proposals, at its meeting on January 11. The  stock was the top gainer on both Sensex and Nifty.  The stock rose up to 2.81% in opening trade to 688.70 compared to the previous close of 669.85 on the BSE.

We are  expecting  Infosys to upgrade lower end of revenue guidance band and expect it to guide for 7-8 % revenue growth against the 6-8 % earlier. The company has announced a slew of deals over the past few months and hence we expect continued confidence in revenue momentum.TCS and Infosys will report their financial results for the October-December period on Thursday and Friday respectively. 

Infosys (2.84%), Axis Bank (1.52%), Tata Motors (1.25%) and Maruti (1.22%) were the top  gainers.

Top  losers were Tata Steel (0.40%), IndusInd Bank (0.39%), and YES Bank (0.52%).