The Hindu : Business : Sensex gains 245 points

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Sensex gains 245 points

MUMBAI: In volatile trade on Friday, the Bombay Stock Exchange benchmark Sensex surged by 245 points on the back of heavy buying in Reliance Industries and bank shares towards the end of the day’s trading.

The 30-share BSE barometer started with a bang in response to IT bellwether Infosys Technologies third quarter results, which were better than its guidance. However, Infosys shares later met resistance at higher levels. The Sensex ended at 20,827.45, a net gain of 245.37 points, against the close of 20,582.08 on Thursday.

The National Stock Exchange index Nifty also recovered to close at 6,200.10, up by 43.15 points.

Heavyweights such as Reliance Industries, SBI, HDFC Bank, REL, ICICI Bank and ONGC gained significantly and contributed immensely to the Sensex moving up.

Rupee edges down

The rupee on Friday closed slightly lower at 39.2950/3050 against the U.S. currency on stray dollar demand amid firm equity markets. It closed at 39.28/29 on Thursday. In lacklustre trading at the interbank foreign exchange market, the domestic unit was trapped in a small range of 39.2600 and 39.3050. — PTI

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