US markets rallied on Friday to end at new highs of the year as home sales data jumped. Investors geared up for a more opimistic outlook of the economic recovery.

The Dow gained 156 points (1.6%) to a nine-month high of 9,506. The Nasdaq and the S&P 500 both reaxched their highest in 10-months. While the former climbed 32 points (1.5%) to 2,021, the latter added 19 points (1.8%) to 1,026.

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Infosys and Genpact added 2.5% each to $42.25 and $13.03, respectively. Wipro gained 2.3% to $15.47.

Sterlite and MTNL advanced 2% each. Patni Computers and Dr Reddy's were up 1.5% each at $16.65 and $16.55, respectively.

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