Infosys crosses Rs 7,000 mark

At Rs 7,000 level, the market capitalisation of the scrip has gone above the Rs 20,000 crore mark. Infosys is third behind Hindustan Lever and ITC in market capitalisation.

Software shares generally ended higher on speculative bidding ahead of second quarter results, brokers said. quot;Index-based stocks were hit rather badly, with both domestic and foreign funds turning sellers. People are getting out of cyclicals mainly and focusing on software and to an extent pharma,quot; said a broker.

NIIT ended 7.99 per cent up at 2,453.35 buoyed by a newspaper report it has been assessed to be operating at SEI-CMM Level 5 8211; the highest maturity level as per the US-based Software Engineering Institute8217;s Capability Maturity Model.

Zee Telefilms, which crossed the Rs 4,000 level in the mid-session, flared up by Rs 167.50 to close at Rs 3975. 8220;There was huge demand for Zee shares,8221; brokers said.