IT stocks gain after Infosys earnings beat estimates

Fri Jul 11, 2014 2:55pm IST

Employees of Tata Consultancy Services (TCS) work inside the company headquarters in Mumbai March 14, 2013. REUTERS/Danish Siddiqui/Files

Employees of Tata Consultancy Services (TCS) work inside the company headquarters in Mumbai March 14, 2013.

Credit: Reuters/Danish Siddiqui/Files

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Reuters Market Eye - Software stocks gain after Infosys Ltd (INFY.NS), India's second-largest software services exporter, posted a 21.6 percent increase in quarterly net profit, beating estimates.

Infosys gains 1.1 percent, Tata Consultancy Services (TCS.NS) up 1.5 percent, Wipro (WIPR.NS) is up 1.75 percent, HCL Technologies (HCLT.NS) rises 1.8 percent while Tech Mahindra (TEML.NS) advances 1.3 percent.

(Reporting by Abhishek Vishnoi)

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