After the initial sprint post Infosys
results, the market has gone flat once again. The Sensex is up 26.35 points at
27301.06 and the Nifty is up 3.55 points at 8238.15. About 1255 shares have
advanced, 1439 shares declined, and 397 shares are unchanged.
Boosted by better-than-expected December quarter
results, Infosys is up 5 percent. The second largest software services exporter
in India third quarter consolidated net profit rose 5 percent as against
estimated growth of 1.9 percent. Profit increased to Rs 3,250 crore in the
quarter ended December 2014 compared to Rs 3,096 crore in previous quarter.
Dollar revenue rose by 0.77 percent to USD 2218 million from USD 2201 million
during the same period.
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