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The market breadth was strong as about four shares advanced for every share declining on the Bombay Stock Exchange. The BSE Midcap gained 0.5 percent and Smallcap rose 0.7 percent. Infosys, Dr Reddy's Labs, Tata Steel, Maruti Suzuki, Hindalco, Vedanta and Idea Cellular gained 1-2 percent while ONGC, Tata Motors, Larsen & Toubro, ITC, HDFC Bank, HCL Technologies and Kotak Mahindra Bank were losers in early trade. The Indian rupee slipped in the early trade today. It opened lower by 6 paise at 67.35 per dollar versus 67.29 Thursday. 

Infosys cheered investors with a forecast-beating quarterly profit and a stronger sales growth outlook, as India's second-largest software services exporter regains market share from rivals by sharpening its focus on high-margin services.