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Sensex gains around 250 points; tech stocks lead on demand optimism

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Reuters
Last Updated : Oct 03 2013 | 11:05 AM IST

Reuters Market Eye - The BSE Sensex rises around 250 points, led by gains in technology shares as brokers raise the sector's earnings estimates, citing higher demand from the United States and Europe. The broader Nifty is up almost 90 points.

Among IT shares, Tata Consultancy Services is up 3.1 percent, Tech Mahindra gains 3.2 percent, while Infosys is up 0.6 percent.

Shares also track higher regional peers, which are seen finding comfort in expectations that major central banks might have to stay super-loose for longer.

(Reporting by Abhishek Vishnoi)

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First Published: Oct 03 2013 | 10:59 AM IST

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