Infosys results boosts prices of IT stocks

Following Infosys’ results which were above market expectations, all IT stocks surged ahead. Satyam Computers surged nearly 8% to Rs 481. Satyam Computers was the top gainer from the BSE ‘A’ group, followed by Geometric Software, which surged 7.8% to Rs 125 and HCL Technologies, which surged 7.3% to Rs 308.

Though Infosys gave a – not so attractive – FY 2008 EPS growth guidance, it didnt affect the market sentiments since this was already factored in, by the market.