Sensex ends at a 5-month high
22 Aug 2012 2:28 AM GMT
The BSE benchmark Sensex on Tuesday surged by nearly 200 points to end the day at five-month high level on slew of positive developments like Infosys winning a case of alleged visa fraud in the US, heavy rain in some parts of the country and fall in inflation.
The Sensex advanced by 194.18 points, or 1.10 per cent, to close the day at 17,885.26, a level last seen on March 14.
A firming trend in the Asian region and higher opening in Europe also boosted the investor sentiment. Investors expect positive outcome out of bilateral meetings between eurozone leaders.
Brokers said heavy rain in some parts of the country today eased worries of a possible drought. A fall, though marginal, in retail inflation in July also boosted the sentiment.
The Nifty rose by 54.70 points, or 1.02 per cent to 5,421 points led by stocks of information technologies and auto sectors.
On BSE, IT stocks index gained 1.76 per cent to 5,710.33, led by Infosys which was up 2.37 per cent to Rs 2,407.05 after a US court dismissed allegations of visa fraud filed by a former employee.
The Sensex advanced by 194.18 points, or 1.10 per cent, to close the day at 17,885.26, a level last seen on March 14.
A firming trend in the Asian region and higher opening in Europe also boosted the investor sentiment. Investors expect positive outcome out of bilateral meetings between eurozone leaders.
Brokers said heavy rain in some parts of the country today eased worries of a possible drought. A fall, though marginal, in retail inflation in July also boosted the sentiment.
The Nifty rose by 54.70 points, or 1.02 per cent to 5,421 points led by stocks of information technologies and auto sectors.
On BSE, IT stocks index gained 1.76 per cent to 5,710.33, led by Infosys which was up 2.37 per cent to Rs 2,407.05 after a US court dismissed allegations of visa fraud filed by a former employee.
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