Sensex up by 227 pts to 11,465 backed by impressive Q4 results
Mumbai, Apr 17 (UNI) The Bombay Stock Exchange (BSE) Sensitive Index (Sensex) was up by 227 points this afternoon (1407 hrs) to 11,465, backed by impressive fourth quarterly (Q4) results by Infosys Technologies and HDFC Bank.
HDFC Bank today announced 29.4 per cent rise in profit to Rs 263.4 crores and the scrip was up by 1.08 per cent to Rs 815 this afternoon (1422 hrs).
Earlier the benchmark index of the BSE opened with a gain of 86 points at 11,323.74 as compared to the last close of 11,237.23.
Soon after opening, the 30 share Sensitive Index (Sensex) shot up 251 points to days high of 11,488.73 on the back of good gains in the software and cement scrips.
The National Stock Exchange (NSE) S&P CNX Nifty index traded 59 points up at 3,405 at 1410 hrs. Nifty opened lower at 3,342 as compared to the last close of 3,345 points.
Among the sectoral indices, BSE Informnation Technology index was up by 5.63 per cent, BSE Technology index was up by 4.39 per cent and BSE Metal index was up by 3.75 per cent, Consumer Durable index was up by 3.13 per cent.
The top gainers on the Sensex were led by Infosys Technologies which was up 6.93 per cent or Rs 209.20 at Rs 3,230 on the news of robust fourth quarter results showing 20 per cent growth and 1:1 bonus in the silver jubliee year.
Other IT counters were also gaining, TCS was up 5.30 per cent up at Rs 1,892, Satyam Computers was up 7.24 per cent at Rs 827.90 and Wipro was up 3.42 per cent to Rs 533.
Other gainers were Gujarat Ambuja Cements, Reliance Energy, Hindalco, Tata Steel, Ranbaxy Lab, and Tata Power.
The top losers were ONGC, Bharti Tele, Dr Reddy's Lab, Bajaj Auto, SBI, NTPC, and Hindustan Lever.
ONGC was down by two per cent to Rs 1,240 after it announced moderate profit of nine per cent at Rs 14,175 crore in the last financial year (2005-06).
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