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Sensex Vaults 422 Pts As Infosys Beats Estimates

Mumbai, Oct 12: The BSE barometer Sensex today jumped by 422 points to close at a one-month high as investors cheered better quarter earnings by IT bellwether Infosys amid a firming global trend.The 30-share index

PTI [ Updated: October 12, 2011 17:28 IST ]
sensex vaults 422 pts as infosys beats estimates
sensex vaults 422 pts as infosys beats estimates

Mumbai, Oct 12: The BSE barometer Sensex today jumped by 422 points to close at a one-month high as investors cheered better quarter earnings by IT bellwether Infosys amid a firming global trend.


The 30-share index spurted by 421.92, or 2.55 per cent, to 16,958.39 points, the highest closing since September 9.

The broad-based National Stock Exchange index Nifty also rose by 125.05, or 2.51 per cent to 5,099.40, after crossing a crucial 5,100 mark level in the intra-day trading.

A better closing in the Asian region and firming trend in Europe further bolstered the trading sentiment, even as the domestic industrial output rose less than expected.

Infosys, the second heaviest on the Sensex, rallied 6.83 per cent to Rs 2,680.50, its highest level since first week of August, while the most heaviest refinery major Reliance Industries spurted by 2.86 per cent to Rs 849.50.

The largest software exporter Tata Consultancy Services jumped up by 3.66 per cent to Rs 1,079.35 and Wipro by 2.71 per cent to Rs 350.70 on expectations an improvement in the global market would boost their business. 

Among the 30 index stocks, 27 scrips closed with gains.  All the 13 sectoral indices led by IT, Teck, Bank and Realty closed significantly higher.

State-run lender State Bank shot up by 6.07 per cent to Rs 1,872.25. ICICI Bank, the second-biggest lender, gained 3.24 per cent to Rs 859.95, while HDFC Bank rose by 2.08 per cent to Rs 467.15 on interested buying. PTI

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