The Hindu : Business : Sensex ends higher

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Saturday, Apr 23, 2005

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Business

Sensex ends higher

MUMBAI: Led by Wipro, technology shares rallied smartly on the Bombay Stock Exchange on Friday pushing the Sensex further up by 47.37 points to close at 6346.57 on sharp buying activity. Positive global advices also aided the buoyant sentiment to a large extent.

Wipro shot up by Rs. 38.35 due to heavy buying after the company's impressive results for the year 2004-05 and announcement of a bonus issue, they said.

The BSE benchmark 30-share sensitive Index opened better at 6329.85 against yesterday's close of 6299.20 and shot up to an intra-day high of 6374.03 on increased buying. Later, it softened marginally and closed at 6346.57.

IT shares such as Infosys, Satyam Computers, HCL Tech, Hexaware, I-flex and a few others were in limelight and rose sharply on heavy buying activity. The BSE-IT zoomed 69.31 points to end at 2457.79.

Among international indices, Dow Jones industrial average and the Nasdaq composite index flared up by 206.24 and 48.65 points last night. Similarly, other Asian markets were also firm with most of the indices closing strong.

A sharp rise in world crude prices which was quoted at $54.25 per barrel could not dampen the market sentiment. However, metal and select pharma shares met with resistance and closed weak.

The broadbased BSE-100 index hardened by 24.62 to 3417.34The volume of business was higher at Rs. 2,087.04 crores against yesterday's level of Rs. 1,951.54 crores

— PTI

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