Sensex zooms 251 pts to 11,488 pts backed by IT scrips
Mumbai, Apr 17: The benchmark index of the Bombay Stock Exchange (BSE) opened with a gain of 86 points at 11,323.74 as compared to the last close of 11,237.23 points.
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 opened lower at 3,342 as compared to the last close of 3,345 points and the key index traded 42 points up at 3,387 points at 1133 hrs.
Among the sectoral indices, BSE Informnation Technology index was up by 5.11 per cent, BSE Technology index was up by 3.86 per cent and BSE Metal index was up by 1.84 per cent.
The top gainers on the Sensex were led by Infosys Technologies which was up 6.36 per cent or Rs 192.20 at Rs 3,213 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, Satyam Computers was up 5.97 per cent at Rs 818.10, Wipro was up 3.42 per cent to Rs 533, TCS was up 3.29 per cent up at Rs 1,856.
Other gainers were Gujarat Ambuja Cements, Reliance Energy, Cipla, Hindalco, Tata Steel and ACC.
The top losers were ONGC, HDFC Bank, Bajaj Auto, Dr Reddy's Lab, Bharti Tele, Hindustan Lever and SBI.
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).