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Two days after market leader Tata Consultancy Services posted underwhelming numbers, Infosys recorded a sharply contrasting performance, continuing with its recent run of good fortune and posted a stellar set of numbers that blew past market expectations in a traditionally weak quarter and raised its full-year guidance. Shares of Infosys surged as much as 5% in early morning trade on the BSE on Thursday. At 9.41am, Infosys shares were trading at Rs.1127.45, up over 4%. 

India's stock markets snapped a two-day losing streak to end nearly 1 percent higher in a highly volatile day where stocks recovered from over 1-1/2-year lows led by strong buying in heavyweight Reliance Industries (RELI.NS).The broader Nifty ended 0.69 percent higher after falling as much as 1.13 percent higher.The benchmark Sensex gained 0.7 percent at close after losing as much as 1.19 percent earlier.