Market Live:
Sensex up over 150 pts, Nifty hits 9900; Nilekani lifts Infosys 4%
Equity benchmarks
started off the week on a strong note, with the Nifty reclaiming 9,900 level,
largely driven by Infosys.
The 30-share BSE
Sensex was up 154.47 points at 31,750.53 and the 50-share NSE Nifty gained
40.15 points at 9,897.20.
Infosys surged 4
percent as CLSA upgraded the stock to buy from underperform and raised target
price to Rs 1,070 from Rs 940 after co-founder Nandan Nilekani joined the
company again as non-executive chairman. CEO choices & strategy should
improve, the research house said.
Kotak Mahindra
Bank, Eicher Motors, Reliance Industries, Hindalco Industries, Sun Pharma and
ONGC were other gainers.
Dr Reddy's Labs,
Hero MotoCorp, Asian Paints and ITC were under pressure.
Nifty Midcap gained
0.4 percent as about four shares advanced for every share falling on the
exchange.
DLF, Adani
Enterprises, Adani Power, Future Enterprises, Suzlon Energy, Ansal Housing,
Nestle India, Bajaj Finserv and Bajaj Finance rallied up to 6 percent whereas
PC Jeweller, Titan Company, Strides, Wockhardt and Cadila Healthcare were under
pressure.
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