Infosys leads stock rally

Benchmark indices on Friday rebounded despite a higher-than-expected CPI print in the US following a rally in global markets and strong buying in Infosys and finance stocks.

Investor sentiment got a leg-up from the second quarter numbers of Infosys which came in line with estimates.

The management’s commentary and its Rs 9,300 crore share buyback triggered heavy buying, sending the share rallying almost 4 per cent on the BSE.