BSE Sensex climbs 2.2 percent, boosted by Infosys results
The prime index of the Bombay Stock Exchange (BSE), the Sensex, surged 2.19 percent, Tuesday, to its highest close in two weeks, as positive Q4 results announced by IT bellwether Infosys Technologies boosted market sentiments.
The 30-share benchmark sensitivity index rose 346.02 points to 16,153.66, with 25 components ending in the green, to its highest close since March 28. The index touched a high of 16,249.46 and a low of 15,573.03 during intraday trade.
The index, which hit a record high of 21,206.77 on Jan. 10., is still down more than 20 percent this year.
The Sensex surge was led by IT stocks Tata Consultancy Services (TCS), Infosys Technologies, Wipro and Satyam Computer Services which advanced 7.37 percent, 6.21 percent, 4.52 percent and 4.35 percent to Rs.975.10, Rs.1510.80, Rs.424.65 and Rs.452.05 respectively.
Ranbaxy Laboratories posted an impressive gain of 8.62 percent to Rs.481.80. The stock rose on news that the firm had reached a settlement with Anglo-Swedish drugmaker AstraZeneca and will produce a generic version of AstraZeneca's patented ulcer drug Nexium from May 27, 2014.
Telecom majors Reliance Communications and Bharti Airtel rose 5.38 percent and 1.55 percent to Rs.519.80 and Rs.816.65 respectively.
FMCG majors Hindustan Unilever (HUL) and ITC climbed 4.36 percent and 1.86 percent to Rs.245.40 and Rs.207.95 respectively.
Power majors NTPC and Reliance Energy zoomed 2.65 percent and 1.51 percent to Rs.191.45 and Rs.1300.55 respectively.
Auto majors Maruti Suzuki and Tata Motors surged 2.08 percent and 0.56 percent to Rs.754.45 and Rs.625.50 respectively.
India's second largest bank ICICI Bank, top listed firm Reliance Industries (RIL) and engineering and construction major Larsen & Toubro (L&T) gained 2.34 percent, 2.30 percent and 1.18 percent to Rs.806.90, Rs.2608.80 and Rs.2806.75 respectively. The three stocks contribute to almost a third of the weight of the index.
- 1 Bharti Airtel, Vodafone Essar struggle to sell Apple iPhone 3G, launch EMI schemes
- 2 Abhishek and Priyanka at "Drona"promo
- 3 Fantastic Duet
- 4 Wipros Azim Premji buys 10 percent stake in discount retailer Subhiksha for Rs.230 crore
- 5 Tahaan puts spotlight on troubled life in Kashmir
- 6 We have done it: India gets NSG waiver following intense lobbying
- 7 Toyota launches new Corolla Altis in India, eyes bigger market share
- 1 Singur impasse: TMC's Mamata Banerjee calls off protest as state government agrees to return land
- 2 Bharti Airtel, Vodafone Essar struggle to sell Apple iPhone 3G, launch EMI schemes
- 3 Toyota launches new Corolla Altis in India, eyes bigger market share
- 4 BHEL, HEC sign JV to set up castings and forgings facility
- 5 India's petrochemical giant Reliance Industries among world's top: WSJ, Forbes
- 6 We have done it: India gets NSG waiver following intense lobbying
- 7 Avoiding the credit card debt trap
- 1 Sensex closes down 415 points on weak global cues
- 2 India's inflation rate eases to 12.34 percent but pressures remain
- 3 Sensex closes 151 points lower on weak global cues
- 4 Sensex soars 551 points as oil prices plunge
- 5 Sensex closes down 66 points despite drop in oil prices
- 6 Currency futures trading kicks off in India
- 7 Sensex closes up 516 points on moderation in inflation rate
|
|
