Infosys drives Sensex up 116 points
The markets were witness to the return of the Infosys magic on Tuesday, leaving many wondering whether the fortunes of the market had reversed for the good. Huge buying orders, attributed to a handful of FIIs, drove the scrip close to its maximum permissible 16% limit on both the bourses.
Sensex to face selling pressure around 4450 pts
Thanks to Infosys, the market showed a smart recovery, and the Sensex gained 116 points. The main booster was Infosys, which gained more than 15%. Satyam Computer also gained 10%.
Hindalco -- Cost-control is key driver
Domestic aluminium producers have done well in the recent past, and being one of the most cost-effective player, Hindalco also produced impressive results in the first-quarter of the current year.
Damani appointed CMD of CDSL