The BSE benchmark Sensex dropped by 242.19 points to end the week at 17,562.61 from its last weekend's close after moving in a range of 17,813.11 and 17,278.03. Nifty also fell by 76.50 points to finish the week at 5,284.20.

Bolstered by better than expected Q2 performance by IT bellwether, Infosys Tech helped the Sensex to notch biggest point-wise gains in last six week, surging by over 850 points to end the week above 17K-mark at 17,082.69.

Shares of software major Infosys surged by over 5 per cent after the company reported 9.72 per cent growth in consolidated net profit to Rs 1,906 crore for the second quarter ended September 30.

Beating expectation, the country's second largest software firm Infosys reports a 9.72 per cent jump in consolidated net profit Rs 1,906 crore for the second quarter.

In revenue terms, Cognizant has now gone past Wipro and taken the third spot among software exporters from India, after TCS and Infosys.

Keeping up the hiring momentum, the country's second largest software exporter Infosys says it will hire about 12,000 people this quarter.

The 30-share BSE benchmark, which had lost 343 points in the last two trading sessions, dropped 432.20 points to 20,156.89, paring last week's 4.9 per cent advance.

The Mukesh Ambani-led company had on Saturday posted a net profit of Rs 4,923 crore, a jump of 27.8 per cent in the July-September quarter.

In tandem with its Asian peers, the 30-share barometer of the Bombay Stock Exchange finished lower by 216.02 points, at 20,005.37 - the lowest since October 20.

Tata Consultancy Services reached its peak of Rs 1,040.70 at the BSE, a day after the company clocked about Rs 9,286 crore revenue for the first time.

Tata Consultancy Services' market capitalisation crosses the Rs 2 lakh crore mark, a day after reporting better-than-expected jump of 32 per cent in its second quarter results.

The IT bellwether reports 13.15 per cent growth in consolidated net profit at Rs 1,737 crore for the second quarter ended September 30.

Auto, metals and energy stocks contributed the most to the gains in the 30-share BSE barometer, ending the day at 20,339.89, up 0.44 per cent.

Renewed buying by foreign funds, strong auto sales, impressive 8.8 per cent GDP growth and smart growth in Australia's economy in Q2 helped the Sensex post impressive gains.

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