FII buying spree of infotech stocks sees sensex going up by 116 pts
Mumbai: With foreign funds, led by a US-based FII, making heavy purchases in infotech majors such as Infosys Technologies and Satyam Computers, the sensex rebounded by 116 points or 2.76 per cent to close at 4,317.

The US-fund has reportedly picked up 4 lakh shares of infotech major Infosys Technologies for Rs 300 crore. Also helping in the overall improvement of the market sentiment was the 75-point jump in the tech-heavy Nasdaq.

The Rs. 5 paid-up Infosys scrip zoomed to Rs 7,514 on the Bombay Stock Exchange and to Rs 7,459 on the National stock exchange.

On the other hand, old economy stocks like Hindustan Lever, Reliance Industries, ITC, Grasim and Tata Steel remained almost stagnant on comparatively low volumes.
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