Market close near day's high: Tech stocks surge

15 April 2008

The markets closed near day's high after a sluggish start. Technolgy stocks bucked the treand with IT major coming positive set of numbers inline with street expectations. IT index gained a whopping 6% with Infosys, TCS, Wipro, HCL Tech among the top gainers on the bourses. The broader markets also closed higher with breadth is in the favour of advances. Oil, pharma, realty and power sectors also ended higher.

Sensex closed up 346.02 points or 2.19% at 16153.66, and the Nifty up 101.85 points or 2.13% at 4879.65.

About 1857 shares have advanced, 937 shares declined, and 280 shares are unchanged.

The BSE Midcap Index ended at 6,604.42 up 1.2%.

The BSE Smallcap Index ended at 8,204.39 up 1.5%.

The BSE Bankex closed at 8,002.40 up 1.3%. IOB, ICICI Bank, Centurion bank, Axis closed in green.