Tech stocks surge on Infosys results

After IT bellwether Infosys' Q4 results beat street expectations, shares of other IT companies too rose on Tuesday in anticipation of good earnings.
The BSE IT index was the best performing sectoral index on the exchange, as it jumped 3 per cent on a day when the Sensex closed down 0.17 per cent.
Shares of Infosys jumped 3.69 per cent to close at Rs.2782.85. They were the biggest gainer among the Sensex stocks on Tuesday. “Absolute share price upsides are limited on the stock. However, it could be a relative outperformer in a weak market,” said a research report by Religare Enterprises on Infosys.
The other IT stocks in the Sensex pack – TCS and Wipro – followed Infosys on the gainers list.

http://www.thehindubusinessline.com/2010/04/14/stories/2010041457511100.htm