Update 1

Sensex opens strong despite Infosys
The market surged in opening trade, tracking steady-to-firm Asian markets. Cellular telecom majors and metal scrips edged higher, while software giant Infosys eased.
The market-breadth was strong. Against 1,222 shares that rose on BSE, 319 declined. As many as 36 shares were unchanged. Gainers outpaced losers by a ratio of 3.8:1.
At 10:22 IST the Sensex was up 82 points, at 13,512.
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India Infosys shares turn down after initial rise
Shares of Infosys Technologies Ltd. India's second-largest software exporter, rose as much as 0.75 percent on Tuesday but quickly turned negative after it priced its sponsored American Depositary Receipts at $53.50.

India's Infosys prices sponsored ADRs at $53.50 .
Infosys Technologies Ltd., India's second-largest software exporter, priced its sponsored American Depositary Receipts (ADRs) at $53.50, knocking its shares down as much as 1.5 percent on Tuesday.

The issue price for the ADRs was a 3.2 percent discount to Monday's $55.27 closing price.The offering, which will see locally listed stocks converted into ADRs, was worth $1.605 billion, Infosys said in a statement.
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