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Sensex Gains for Second Day; Infosys Surges 5%

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Sensex Gains for Second Day; Infosys Surges 5%

Mumbai: The BSE Sensex and Nifty edged higher for a second consecutive session on Friday on the back of a 5 per cent gain in Infosys after its December-quarter earnings beat estimates.

However, indexes posted their biggest weekly falls in four weeks after shares slumped more than 3 per cent on Tuesday, as a continued slide in oil prices roiled emerging markets.

Shares in Infosys, the No. 2 software exporter, closed 5.12 per cent higher, its biggest single-day gain since October 10, after posting market beating quarterly earnings and maintaining its sales growth outlook for the year.

The benchmark BSE Sensex closed 0.67 per cent higher at 27,458.38. The index fell 1.54 per cent for the week.

The broader Nifty gained 0.61 per cent to 8,284.50, but fell 1.3 per cent for the week.

Copyright: Thomson Reuters 2015



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