NSE index gains after Infosys earnings beat estimates

Written by Reuters | Updated: Jul 11 2014, 15:42pm hrs
India's broader NSE index is 0.1 percent higher after Infosys April-June earnings beat estimates.

India's software stocks gain after Infosys Ltd INFY.NS, India's second-largest software services exporter, posted a 21.6 percent increase in quarterly net profit, beating estimates.

Infosys gains 3 percent, Tata Consultancy Services up 1.4 percent, Wipro is up 1.7 percent, HCL Technologies rises 1.6 percent while Tech Mahindra advances 2.1 percent.

However, broader gains were capped on weak Asian stocks due to troubles at a small Portuguese bank managed to wrongfoot investors already made anxious by the US earnings season and a spate of disappointing economic data globally.