Tech shares propel markets; Sensex up 160 pts, IndusInd Bank falls 2.4%

The benchmark indices advanced on Monday, led by gains in technology companies, after Infosys raised its revenue growth forecast. The overall sentiment, however, remained dull, with shares of finance companies dragging lower as investors remained concerned over debt default and bank frauds.

The BSE Sensex rose 160 points, or 0.41 per cent, to 38,897, with Infosys and Tata Consultancy Services (TCS) alone making a 234-point contribution. The top losers in the Sensex pack were banking stocks led by IndusInd Bank, which fell 2.4 per cent. ICICI Bank, YES Bank, and State Bank of India - each declining a per cent.

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