Infosys reported a 5.3 % yearly rise in profit for the June quarter of Rs 3,802 crore.
Leading gains in index heavyweight Infosys NSE 5.00 per cent, domestic equity markets started off Monday's session on a firm note, shrugging off weak macroeconomic numbers. Free Stock Cash Tips
Infosys on last working day reported a 5.3 % yearly rise, profit at Rs 3,802 crore at the June quarter. Analysts NOW poll had indicated a net of Rs 3,730 crore. Amid concerns over a slow down in IT sector growth, Infosys raised its guidance for FY20, while maintaining its margin guidance.
Easing oil amid slow down worries also kept the markets going strong.
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Asian shares advanced Today as investors breathed a sigh of relief after encouraging Chinese data suggested the world's 2nd biggest economy may be starting to stabilize thanks to ramped-up stimulus from Beijing.
2nd quarter economic growth slowed to 6.2 percent in the 2nd quarter from a year earlier, the weakest pace in at least 27 years while separate data showed the country's industrial output and retail sales handily topped forecasts.
MSCI's broadest index of Asia-Pacific shares outside Japan gave up losses to be 0.2 percent higher at 526.72 pts.
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