Tech stocks fuel a Sensex rally
Mumbai: On the back of a healthy buying interest in technology stocks, ahead of the first quarter earnings performance, there was an upsurge in the 30-share Sensitive Index by 96.21 points. The BSE sensex closed at 4,844.98 points, after opening at 4,846.69 points, touching a high of 4,853.83 and a low of 4,778.74 points. The S&P CNX Nifty appreciated by 23.8 points to close for the day at 1495.25 points.

The advances to declines ratio stood at a healthy 1.73, with 908 stocks appreciating in value while 523 stocks logged declines.

Leading the rally during the day's trading were the technology stocks led by Infosys, Satyam Computer, Wipro and NIIT. Among the key gainers were Onward Technologies, Satyam Computer, Moser Baer, Sterlite Industries, Wipro, SSI, NIIT, Tata Steel, HDFC Bank, ICICI Bank, Carrier Aircon and Gruh Finance.

Some of the major private sector banks which were gainers during the day were ICICI Bank and HDFC Bank. The ICICI Bank appreciated by Rs. 12.3 to rest at Rs. 223.75. Compared to 48,139 shares traded on Friday, the volumes surged to 2.08 lakh shares.

Among the major losers during the day's trading were Escorts, Tudor India, ITIL, Britannia Industries, Cummins India, Ashok Leyland, HDFC, Tata Power and Bajaj Auto.
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