Infosys Leads Rally In IT Stocks, Hits Record High

Infosys hit a record high on Monday, rising 3.6 per cent to Rs 1,249.90 in intraday trade. India's second biggest IT services company not only outperformed the Sensex (up 0.5 per cent), but also beat the IT sub-index on the Bombay Stock Exchange, which advanced 2 per cent. What's Driving Infosys Higher? 1) Infosys saw buying interest on a day when IT stocks were in favour on account of many merger and acquisition deals. Blackstone ...