BANGALORE: Infosys Technologies on Monday saw new highs in both domestic and overseas stock markets. While on the Bombay Stock Exchange (BSE), the scrip crossed the Rs 15,000-mark, its American Depository Receipt (ADR) peaked at $378, moving up more than 12 per cent against the previous close. Satyam Infoway too saw new highs on the Nasdaq on Monday.
On the first day of trading in year 2000, the BSE Sensitive index jumped over 7.5 per cent to close at a new high of 5,375.11, with the help of technology stocks. Infosys was frozen at Rs 15,677.50, making a gain of Rs 1,161.25 in a single trading day.
Analysts expect Infosys e-commerce software revenues to touch 15-20 per cent of total revenues in the third quarter, up from 64 per cent in the first quarter of the fiscal year to March 2000. On teh Nasdaq, Infy, as Infosys ADR is known, which represents 3.12 per cent of the firm's equity, opened with a bang on the Nasdaq, scaling its highest level so far of $378. It had closed the previous trading day at $330.
However, profit booking pushed Infy down and it closed at $369.125. Satyam Infoway ADS too peaked on the Nasdaq at $201.625 against the previous close of $155, before closing at $200.