Wednesday, August 8, 2007

Sensex regains 15K as IT back in reckoning

MUMBAI: Renewed buying interest in IT shares, following a fall in rupee with tightening in ECB norms, saw equity indices end sharply higher Wednesday. A surge in index heavyweight Reliance Industries also aided the indices.

Bombay Stock Exchange's Sensex ended 2.51% or 375 points higher at 15,308. National Stock Exchange's Nifty rose 2.43% or 106 points to 4462.10.

Top Sensex gainers comprised Infosys Technologies (up 4.73%), Tata Consultancy Services (4.13%), ACC (3.98%), Reliance Industries (3.87%), HDFC ( 4.72%) and Wipro ( 3.69%).

Cipla (down 0.82%) and Dr Reddy's Laboratories (0.4%) were the only laggards in the index.

Market breadth on BSE showed 1,976 advances as against 696 declines.

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