| The market closed up for the first time in three sessions. Earlier during the session, indices declined 1 per cent on lack of any positive surprise from the third quarter earnings of Infosys Technologies, which detailed results before the market opened on Thursday. |
| "The market was looking for some good surprises from Infosys, and took a hit when it did not come. The reaction was purely a knee-jerk one," a dealer said. |
| However, sentiment for Infosys Technologies and the entire sector improved after several brokerages remained positive on the two, and on hopes margins would remain healthy despite the sharp appreciation of the rupee in the last quarter. |
| "Margin-impact on tech firms is the key factor to look at, and after Infosys maintained healthy margins in the last quarter, other companies are also expected to do so," Priyadarshi Srivastava, head of research at Niche Brokerage said. |
| The Bombay Stock Exchange's 30-share Sensex ended at 13630.71, up 268.55 points or 2.0 per cent from Wednesday. Intraday it moved between 13303.22 and 13667.80. |
| The National Stock Exchange's 50-share Nifty ended at 3950.45, up 100.15 points or 2.6 per cent. Intraday it moved between 3833.60 and 3953.10. Turnover on both the exchanges was roughly Rs 14,300 crore, as against Rs 13,200 crore on Wednesday. |
| The CNX Midcap and S&P CNX 500 Index ended up 2 per cent each. On BSE, advances led declines 2:1. Tech bellwether Infosys, which opened down 2 per cent at Rs 2,137, ended up 1 per cent at Rs 2,183. |
| Jet Airways, which surged 8 per cent to Rs 679, was the top Nifty gainer. The company on Tuesday said it expects reasonable profits in its third quarter on the back of new international routes and revised air fairs. |
| Jet Airways has posted net loss in the last two quarters. Shares of fast moving consumer goods were also up on hopes higher volumes would drive profits in the third quarter. BSE FMCG Index, up 3 per cent, was the top gainer among BSE indices. |
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