Sensitivity check: Zee, Infy score - Views on News from Equitymaster

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Sensitivity check: Zee, Infy score

Jan 19, 2001

The BSE Sensex closed at 4,194 (up 81 points) and the NSE Nifty closed at 1,331 (up 25 points). The rupee was trading at Rs 46.38 to a dollar. The buying in Infosys (up 5.2%) and Zee (up 14.8%) alone contributed about 54 points to the BSE Sensex. Satyam (up 3.9%) contributed another 6 points to the Sensex. All in all, these three TMT giants alone added 60 points.

Looking at the kind of buying, it seems that the bourses are now considering the good results declared by tech stalwarts recently. Almost all software companies December quarter results have met or exceeded market expectations. Added to that, the improved sentiment of the NASDAQ and the gains made by the Indian ADRs (Sify, Infy, Wipro and Rediff) in the recent days, seemed to have acted as a fuel to poke the TMT fire.

In the last three days, Infosys has gained over 10.7%. In real terms it means, Infosys single handedly contributed 68 points out of the 111 points gained by the BSE Sensex in the past three days.

To find out an estimate of the contribution each of these stocks made to the gain in the Sensex, check out our Sensitivity analyser.


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