Sensex ends 2.6% up on Infosys results; IT, banks lead

	Dated:12 October,2011

Sensex ends 2.6% up on Infosys results; IT, banks lead Indian shares ended up 2.6 pc on Wednesday to their highest close in over three weeks as investors cheered results from Infosys. Infosys is the strongest pick in large-cap IT pack: Kotak Institutional Equities We have liked Infosys the most. TCS in terms of expectations and valuations has already held out much better, says Sandeep Bhatia, Kotak Institutional Equities. Markets have already factored in disappointing IIP numbers: Deven Choksey You may see some better news going forward from the western markets, particularly from USA, says Deven Choksey, MD, K R Choksey Securities. Market Round-up SENSEX 16958.39 421.92 NIFTY 5099.40 125.05 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Rama Newsprint and Papers 12.55 + 20.10 Vadilal Industries Ltd. 132.20 + 19.53 OM Metals Infraprojects L 34.15 + 16.75 United Breweries Ltd. 427.25 + 12.95 Prestige Estates Projects 102.50 + 12.08 NSE Losers Scrip Price(Rs.) %Change J D Orgochem Ltd. 3.90 -27.78 JMT Auto Ltd. 53.45 -14.34 Camlin Ltd. 49.65 -12.43 Prakash Constrowell Ltd. 177.20 -10.10 Zenith Infotech Ltd. 101.00 -9.98 Views on Stocks/Markets Too early to say Indian mkts are out of challenging times: Sonam Udasi Wait & Watch for Reliance Industries: Mitesh Thacker Sell Sun TV with the target of 265 level: C K Narayan IPO/Global Markets World stocks slip China shares gain Asian shares mixed Rupee / Gold Rupee jumps Gold rises to Rs 27,190 Gold futures up More 'Market' News Dhanlaxmi Bank jumps 5% after lender clarifies its position Shares of Dhanlaxmi Bank recovered by as much as 5 pc in afternoon trade after the bank clarified its position on allegations leveled by AIBOC. Infosys in uptrend, may hit Rs 3000: Analysts Infosys has rallied over 6% to Rs 2,664 after reporting better-than-expected 9.7% quarter-on-quarter (QoQ) jump in consolidated net profit. Infosys stock price Tata Motors reverses four-day 20 pc advance on profit booking Halting its four-day gaining streak, shares of Tata Motors fell by over 3 per cent on the bourses today as investors booked profits.