Nifty rises as IT stocks, Airtel rally
The Nifty ended higher on Thursday, having earlier hit a near two-year high, with IT stocks leading the gains on the day of derivatives expiry.
Reuters Market Eye - Shares in Infosys(INFY.NS) closed up 16.8 percent on Friday after stellar third-quarter results and an unexpected rise in its fiscal year revenue estimate, adding $4.07 billion to its market capitalization, more than the GDP of Fiji.
Infosys' 16.8 percent jump almost single-handedly kept the Sensex in the black, with 26 of its 30 components closing lower, including index heavyweights Reliance Industries and tobacco major ITC.
Fiji's gross domestic product stood at $3.81 billion in 2011, according to the most recent data available from the World Bank.
(Reporting by Henry Foy)
LONDON Gold was steady on Thursday after the minutes of the latest Federal Reserve policy meeting further dampened expectations for an interest rate hike next month, lowering U.S. bond yields and stalling upward momentum in the dollar.
MUMBAI Japan's SoftBank Group on Thursday denied it was in talks with Vodafone Plc's Indian unit and Idea Cellular to pick up a stake in a potential merger between the two Indian wireless carriers.