Epic Update Infosys



Equity benchmarks erased some gains in afternoon trade with the Nifty hovering around 8000 level due to lack of domestic as well as global cues ahead of Christmas holiday.
The 30-share BSE Sensex gained 90.98 points at 26070.58 and the 50-share NSE Nifty rose 18.25 points to 7997.35. The broader markets also came off day’s high with the Midcap down 0.2 percent despite positive breadth.
About 1307 shares advanced against 1091 declining shares on the BSE.
Sun Pharma was the biggest gainer, up nearly 3 percent after it acquired 14.58 percent stake in US company scPharmaceuticals for USD 13 million. Short covering also pushed the stock higher as it lost nearly 11 percent in previous seven consecutive sessions.
Infosys, HDFC Bank, Reliance Industries, L&T, HDFC and Maruti gained 0.6-1.6 percent whereas ITC, Axis Bank, Tata Motors, ICICI Bank and TCS were losers in the afternoon trade.

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