The markets were experiencing listless trading sessions on account of the gloomy sentiment for
the past one week. The upcoming earnings season was another factor that led to the continued
choppiness.
Today, Infosys came out with its quarterly numbers and FY 14 forward guidance which were much
better than what the street was expecting. The foreign trade data also contributed its bit towards
the exuberance on the dalal street. But how far will the euphoria last? One would suspect this
intraday rally in Nifty after looking at the way it closed.
the past one week. The upcoming earnings season was another factor that led to the continued
choppiness.
Today, Infosys came out with its quarterly numbers and FY 14 forward guidance which were much
better than what the street was expecting. The foreign trade data also contributed its bit towards
the exuberance on the dalal street. But how far will the euphoria last? One would suspect this
intraday rally in Nifty after looking at the way it closed.
The Sensex is up 20.90 points at 27676.86 and the Nifty is up 5.50 point at 8566.80.
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