The Bombay Stock Exchange (BSE) sensex consolidated its gains for the second straight day on Friday, on the back of continued institutional and fund-based buying in technology stocks.
The sensex closed with a gain of 26.28 points at 2,995.77, after touching an intra-day high of 3,005.78.
Meanwhile, on the National Stock Exchange, the S&P CNX Nifty index gained 12.60 points to settle at 971.05. Overall, gainers outnumbered losers in brisk trades.
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Tech-major Infosys Technologies rallied 3.48 per cent to close at a four-month high of Rs 3,761.25, rising 8.1 per cent in the past two days on institutional buying.
Its American Depositary Receipts vaulted 15.65 per cent overnight after the company on Thursday raised full year revenue guidance in anticipation of a pick up in its outsourcing business.
Gains in the US markets on Thursday also lifted the sentiment for tech stocks. Satyam Computer jumped 6.77 per cent to Rs 212.10 and Wipro climbed 4.77 per cent to Rs 1,417.10.
Hughes Software rose 5.24 per cent to Rs 152.75 buoyed by a higher-than-expected 31.7 per cent jump in second quarter earnings.
Media major Zee Telefilms advanced 2.08 per cent to settle at Rs 83.25 on hopes that the company