Markets edge higher; Infosys recovers from rout

Mumbai: Markets BSE index gains 0.35%, while the 50-share NSE index advances 0.28%.

Bargain-hunting boosts recent under-performers: Infosys gains 0.38% after falling 12.1% in the previous three sessions.

Defensive stocks also benefit: cigarette maker ITC gains 1.25%.

Drug makers gain on expectations for solid April-June earnings: Dr.Reddy’s Laboratories advances 2.55% ahead of results due on Thursday.

Among decliners, Tata Consultancy Services falls 1.89%, down for a second consecutive session on valuation concerns.

Airline stocks drop, with Jet Airways down 1.7%, on media reports state-owned oil marketing companies increased jet fuel prices.

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