Encouraged by fourth quarter results announced by IT leader Infosys Technologies had soothing impact on the market, which bounced from its early loss to almost 450 points gain.Bse at 16214 + 406 points and nifty 4696 +119 points.
Brokers said the market recovered its early losses after the IT major came out this morning with better-than-expected future guidance, raising hopes of robust earning season.
Investors were awaiting for a major trigger pinning their hopes on announcement of good last quarter results amid a host of negative factors.
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