Sensex hits 1-1/2-month high; Infosys surges - NDTV

Reuters | Updated On: July 12, 2013 11:30 (IST) The Sensex gained 0.72 per cent and the Nifty was up 0.45 per cent at 11.31 am on Friday after hitting their highest levels since May 31 earlier in the day. Infosys shares surged 10.7 per cent, to mark their highest intraday level in 23 months, after the company defied some analysts' expectations and retained its revenue growth forecast for the full year. Other IT stocks also rose, taking cues from Infosys results. Tata Consultancy Services Ltd was up 2 per cent and Wipro Ltd was up 2.2 per cent. Reliance Industries Ltd gained 0.9 per cent after India's oil minister said on Thursday that the decision to raise prices of locally produced gas will not be reviewed, allaying fears that New Delhi may consider a roll-back. Copyright: Thomson Reuters 2013 For Profit Update, via Business - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGYgQc-CqwLUop8IPIBFNLsvzDHAg&url=http://profit.ndtv.com/news/market/article-sensex-hits-1-1-2-month-high-infosys-surges-324391

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