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%).