Sensex rose 346.02 points Under Infosys Results:
Infosys Technologies' good future outlook. That triggered a broad-based rally in IT stocks. Healthcare and oil & gas stocks marched ahead as well. Ranbaxy Laboratories was the top gainer from the Sensex pack.
The 30-share BSE Sensex rose 346.02 points or 2.19% at 16,153.66. The index gained 441.82 points at session's high of 16,249.46, hit in mid-afternoon trade. The Sensex slipped 234.61 points at day's low of 15,573.03, hit in early trade.
The S&P CNX Nifty was up 101.85 points or 2.13% at 4879.65.
Infosys strong outlook comes at a time when there has been a gloom surrounding India Inc’s earnings due to mark-to-market losses on forex derivatives, rise in input costs and due to concerns about delays in project execution for the capital goods sector.
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