Infosys shares rally 4 per cent ahead of quarterly results

MUMBAI: Shares of Infosys today ended with a nearly 4 per cent gain, adding over Rs 6,000 crore to its market value ahead of its quarterly results, to be announced tomorrow.

After surging 4.26 per cent to Rs 2,933.30 in intra-day trade, the stock finally ended at Rs 2,917.85, up 3.72 per cent on the BSE.

At NSE, the IT major's scrip rose by 3.53 per cent to Rs 2,915.

The market capitalisation of Infosys jumped Rs 6,007 crore to Rs 1,67,553 crore.

On the volume front, 1.50 lakh shares were traded on the BSE, while over 21.27 lakh shares changed hands on the NSE.

Rise in the stock was instrumental in sending the BSE benchmark Sensex higher by 127.75 points to 18,542.20.

Infosys contributed 59.81 points in the Sensex gain. The earnings season will start with Infosys announcing its fourth quarter results tomorrow.

Traditionally, January-March is a soft quarter for IT companies as budgets get closed and decisions are taken between February and March on the kind of discretionary, operational and capital spending.