Infosys Technologies’ scrip closed higher on domestic bourses on Friday while Capgemini shares were trading nearly one per cent up on NYSE-Euronext amid reports the Indian company planned to buy stake in Europe’s largest IT consultancy firm.

Shares of Infosys rose 2.54 per cent in intra-day trading, but ended with a modest gain of 0.17 per cent from Thursday’s close of Rs 1,925.90. The scrip touched a high of Rs 1,975 but pared gains to settle at Rs 1,929.20 on the BSE. Shares Capgemini jumped 0.96 per cent on NYSE-Euronext exchange to 54.30 euro in intra-day trading. On Thursday, its scrip had surged 4.6 per cent on Paris bourse. Infosys will announce its first quarter result on July 11 and it is expected a clear picture could emerge at that time.

“Shares of Infosys are likely to do well on hopes it will bid for Capgemini,” brokerage firm Anagram Finance said in a note.