The market is talking about Janus Capital of US, the same fund which created a sort of a sensation when they picked up more than 5 per cent in Reliance Industries just a few months back, is now active in the Infosys counter. And they are here with a real big kitty. On Tuesday, Infosys topped BSE's turnover table at Rs 892 crore from 12.64 lakh shares. On the NSE, the turnover in the counter was Rs 833 crore. On the BSE, the scrip ended the day at Rs 7513, while on the NSE, it closed at Rs 7459.25.According to one institutional dealer, usually Janus picks up at least 5 per cent stake in any company they invest in. "Given the same logic, they might eye 33 lakh shares of Infosys," said the dealer.

However, other brokers put the number at 10 lakh shares. "And they already have 80 per cent to 85 per cent of their target amount under their belt," said a dealer with a domestic brokerage.Technically also, the scrip has closed above the 200-days and 21-days moving averages and "This is a very positive sign for the scrip," said a technical analysts.According to market analysts, the whole operation had actually started on Monday. "A look at Monday's trading pattern on the NSE reveals that a lot of delivery-based buying had taken place," said a FII dealer with a domestic brokerage.

On Monday, on talks of some major announcements in Infosys' August 10 analyst meet scheduled at Bangalore, the scrip had closed in the positive territory after falling for five consecutive sessions.According to rumours doing the rounds, on Tuesday, Morgan Stock Broking, CS First Boston and Credit Lyonnais did the job of picking up the stocks from the market, with Morgan executing the major part of the Janus order.And not only Infosys, HFCL is also rumoured to be in the buying list of Janus. And the target amount that is being talked about is 10 million shares. On Tuesday, on the BSE, total turnover in the HFCL was at Rs 796 crore while on the NSE, the corresponding figure was Rs 845 crore.For the market as a whole, brokers feel that Wednesday's opening would be strong, given the way Tuesday's session closed.

According to Chirag Sanghvi at Asit C Mehta Investment Intermediaries, markets should give a good opening on Wednesday, but profit-booking is expected to follow after mid-session. "We are looking at a Sensex level of 4350 to 4375, which will be the right level to book profit," said Sanghvi.And from now on, the trading is more likely to be scrip-specific, feel brokers. According to Ashish Mufti at KR Choksey Shares & Securities, "There is no fundamental change in the market and we are liekly to see scrip-specific movement in the market for some time now."The rally on Infosys counter also helped the other software stocks to show a signicant gain, and stocks like Satyam Computer, Wipro, DSQ Soft, and SSI were up by more than 8 per cent.

These stocks also attracted huge trading volume.Stocks from the cement sector also gained smartly. ACC, and L&T were major gainers.Mirroring the sentiment, the BSE sensitive index opened at 4217.68 points, touched a high of 4327.00 points, and closed at 4317.75 points. The low for the day was 4200.99 points.Similarly, the S&P CNX Nifty also gained 34 points, and closed at 1345.35 points.

The high for the day was 1348.25 whereas the low for the day was 1311.15 points.Meanwhile, the trading volume on the BSE stood at Rs 4713 crore, and the same figure on the NSE stood at Rs 5260 crore. The number of advances stood at 704, and the number of declines was at 612. At the same time, 135 stocks remained unchanged.Stocks which gained more than 7.9 per cent were: Satyam Computer, Infosys, Wipro, DSQ Soft, SSI, HDFC Bank, Shyam Tele, Polaris, Sonata Soft, Gramophone, Kaashyap Rad, Onward Tech.Other gainers for the day were: HFCL, ACC, Dig Equipment, Moser Baer, HPCL, Tata Elxsi, HCL Tech, Hughes Soft, TV 18, Orient Info, Advent Comp, Mastek, GE Shipping, GV Films.

Stocks which dipped more than 7.9 per cent were: Vikas WSP, Cinevista, Adani Exports, Tata Info, Vakrangee, Subros, Spanco Tele.Other loser for the day were: Hindlever Chem, Aurobindo Pharma, Peerless Shipping, Cinerad Com, Whirlpool, Andhra Valley, EID Parry, Shri MM Soft, and Tata Hydro.