3:50 PM: Infosys lifts Sensex 160 pts, Nifty fails to hold 11,600; mid, smallcaps fall

The rally in Infosys drove benchmark indices higher but broader markets underperformed. The BSE Sensex was up 160.48 points at 38,896.71 and the Nifty50 gained 35.90 points at 11,588.40.

The market breadth was in favour of bears as about two shares declined for every share rising on the BSE. The Nifty Midcap and Smallcap indices slipped nearly a percent each.

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