INDIAN BENCHMARKS edged higher , heading for a second consecutive session of gains, led by software services exporter, Infosys Ltd, which surged 6 percent after its Decemberquarter earnings beat estimates.
Further, Infosys reported flat growth in US $ revenues to $2218 million in spite of 4.2% (QoQ) growth in volumes due to cross currency movement (Europe depreciation against USD). However, the revenues in rupee term grew by 3.4% sequentially to Rs13796 crore due to favourable INR-USD movement.
The INDIAN BENCHMARKS ended up 184 points at 27,458 and the 50-share Nifty ended up 50 points at 8,284.50.
GLOBAL MARKET CHASE
ASIAN STOCKS rose on upbeat expectations for the closely-watched U.S. jobs data, while the euro continued to flirt with fresh nine-year lows against the dollar.
U.S. STOCKS futures poised for a higher opening at the Wall Street on Friday.
EUROPEAN STOCKS snapped a two-day winning streak ahead of key U.S. non-farm payrolls data, with Spain's Banco Santander sliding over 10 percent after unveiling a capital hike and dividend cut.
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