Infosys stock on Friday rose to a record high after Wall Street rose on strong data from the holiday shopping season and a fall in initial jobless claims. The Infosys stock touched its 52-week high at 1:24 pm. The stock fell on December 23 on news that Infosys board member V. Balakrishnan has resigned.
Recent data continues to point to a sturdier US economy further brightening the outlook for India's export-dependant IT sector.
Blue chip stocks also extend gains after foreign institutional investors were net buyers of Rs 744 crore ($119.86 million) in Indian shares on Thursday bringing their monthly total so far to around $2.5 billion.
IT firm TCS' stock also rose 2.45 per cent on the back of rise in US markets. Menwhile the Sensex was trading 158 points higher at Rs 21, 232 points.
-With Reuters inputs