Sensex rises to 5-month closing high Infosys rises

SENSEX-NIFTY-INFOSYS-HUL-MAHINDRA:Sensex rises to 5-month closing high Infosys rises

The BSE Sensex provisionally rose 1.1 percent on Tuesday to its highest close in five months led by gains in Infosys after a U.S. court dismissed a lawsuit from an employee, while consumer good stocks gained on signs of improving rainfalls.

Infosys shares advanced 3.1 percent after a U.S court dismissed harassment charges filed by a U.S. employee, ending worries about a case that had recently pressured shares.

Hindustan Unilever added 2 percent, while tractor maker Mahindra & Mahindra gained 2.3 percent after heavy rains hit some of the parched parts of the country, easing fears of a repeat of the widespread drought that gripped three years ago.

 

The BSE Sensex provisionally rose 1.1 percent to 17,884.10 points, its highest close since March 14, while the 50-share Nifty rose 1.02 percent to end at 5,421.00 points.