Infy Q3 results propel IT stocks and other ET stories

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	Dated:10 January,2014

Top Headlines Five reasons why investors should by Infosys post Q3 results Infosys' profit for the three months ended Dec 31 rose to Rs 2,875 crore from Rs 2,369 crore for the year-ago period, the IT major said in a statement. Infosys Q3 results propel IT stocks; HCL, TCS hit fresh 52-week high Investors lapped up IT stocks after Infosys reported a better-than-expected net profit for Q3 and increased its FY14 revenue guidance. Sensex ends with 45-point gain after surge led by Infosys After vaulting over 250 points, the Sensex in a volatile session today erased most gains to end with a 45-point rise as momentum. Views on Stocks/Markets Remain positive on IT sector: Rajiv Mehta, IIFL Invest in MCX, FTIL if NSEL stress dissipates: KR Choksey CMC may spring positive surprise next week: Expert IPO/Global Markets Nikkei suffers worst weekly loss Hong Kong stocks close 0.26% up China shares slide Rupee / Gold Rupee hits one-week high Gold extends gains on global cues Gold edges up on flat dollar More 'Market' News Tech Mahindra, TCS and HCL Tech our IT picks: Quant Broking "TCS is definitely going to be the leader in terms of a upside potential. HCL Tech and Tech Mahindra both have been going through a phase of gradual re-rating." HCL Tech, TCS may outperform Infosys this quarter: Nirmal Bang "Infosys is trading at about 15-15.5 times FY15 earnings. TCS is trading close to 19.5 to 20x. That is 20-25% kind of a gap." Nifty stuck in a range, focus on individual stocks: Mitesh Thacker "For the time being, Nifty still is stuck in a 70-80 point range of 6230 to about 6140-6150, so focus on individual stocks."	Market Round-up SENSEX 20758.49 45.12 NIFTY 6171.45 3.10 S&P500 1,838.13 .64 NASDAQ 4,156.19 .00 USD/INR 61.9895 -.09 USD/INR 61.9895 -.09 NSE Gainers Scrip Price(Rs.) %Change Shree Rama Newsprint Ltd. 9.65 + 19.88 Manappuram Finance Ltd. 21.05 + 15.98 Gati Ltd. 56.55 + 9.91 NEPC India Ltd. 3.70 + 8.82 Shekhawati Poly Yarn Ltd. 1.95 + 8.33 NSE Losers Scrip Price(Rs.) %Change Sumeet Industries Ltd. 20.00 -11.11 Multi Commodity Exchange 527.05 -10.28 Mastek Ltd. 183.55 -9.29 JMC Projects (India) Ltd. 86.55 -8.17 Kitex Garments Ltd. 83.10 -7.41

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