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Sensex climbs 268 points as Infosys posts strong earnings

The Sensex staged strong comeback to close higher by over 268 points on the BSE on the back of impressive third quarter earnings posted by Infosys.

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UPDATED AT 4:32 PM

MUMBAI: Snapping its five-session losing streak, the benchmark index, Sensex, staged strong comeback to close higher by over 268 points on the Bombay Stock Exchange on Thursday on the back of impressive third quarter earnings posted by IT bellwether Infosys Technologies.

The BSE-30 share index, which had lost more than 650 points in the past five sessions, recovered by a whopping 268.55 points, or 2.01 per cent, at 13,630.71. It moved between 13,303.22 and 13,667.80 points.

Similarly, the Nifty index on the broad-based National Stock Exchange shot up by 91.95 points at 3,942.25 after moving between 3833.60 and 3953.10.

Strong earnings by Infosys Technologies also sparked buying interest in other technology stocks such as Tata Consultancy Services, Wipro Ltd and I-flex.


MUMBAI: After opening weak, the benchmark index Bombay Stock Exchange Sensex rebounded to quote over 110 points higher in early trade on funds buying, triggered by firming global markets.

However, technology stocks remained under pressure despite impressive third quarter earnings posted by IT bellwether Infosys Technologies

The 30 share index, which lost over 59 points at the outset, recovered by 112.00 points at 13,474.76 in the first 10 minutes of trading on the back of a strong rally in Larsen and Toubro, BHEL, Reliance Industries and ITC Ltd stocks.

Similarly, the Nifty index on the broad-based National Stock Exchange was up by 33.30 points at 3,883.60.

Marketmen observers said better than expected third quarter results announced by Infosys Technologies failed to make any immediate impact.

However, sugar stocks were in good demand on expectations that the government might completely lift ban on the export of the sweetener.

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