Close

LOGIN

Remember me
Not a member?
or
Connect using:
Why BS?

We encourage visitors to register on Business Standard. Registering on the site is absolutely Free and offers you the following benefits.

Free Daily E-newsletter

Breaking News Alerts in your Inbox

Post Comments and Share your Feedback

Your Personal Business Standard Page

Free Portfolio of Stocks, Equity and Commodities Derivatives

Access Premium Services

Receive Selective Offers from our Third Party Premium Advertisers

Get Invited to Business Standard Events

Close

FORGOT PASSWORD?

Not a member?

Sensex gains 111 points on heavy buying in IT stocks

Read more on:    News | TCS | Wipro | BSE
Related News

Marketmen also attributed the rise to a firming trend in global stock markets before reports on American consumer confidence and home sales.

The 30-share barometer, which had lost over 400 points in the past two sessions, rose by 110.61 points, or 0.65 per cent to 17,207.29, after touching the day's high of 17,247.53.

The 50-share National Stock Exchange index Nifty also moved up by 22.05 points, or 0.42 per cent to 5,222.65.

Brokers said sentiments turned better, particularly in information technology sector after the TCS posted 22.6 per cent growth in net profit for the fourth quarter of 2011-12 fiscal.

Besides, bargain buying at prevailing levels and covering up of short positions for approaching monthly expiry in the derivatives segment on Thursday, also supported the recovery, they said.

The IT sector index gained the most by adding 4.93 per cent to 5,562.12 points as TCS spurted 12.84 per cent to Rs 1,195.25 and Wipro gained 4.83 per cent to Rs 442.40.

Even Infosys surged by 1.58 per cent to Rs 2,348.55, reducing investor losses ever since announcing muted earnings on April 13.

  

Read more on:   
|
|
|

Read More

Goa Vikas Party all set to fight Cortalim Assembly bypoll

Regional outfit Goa Vikas Party is all set to contest the upcoming bypoll to Cortalim Assembly constituency on June 2.

Back to Top

Quick Links

Back to Top