Sensex soars 75 pts, TCS zooms 6%

The Sensex opened on a bullish note above the 7,300-mark at 7,326 - up 54 points. Although tech stocks attracted strong buying support since early trades, steady buying in other sectors saw the index move in a range of 7,320 and 7,330 till mid-noon trades.

Sentiment perked up towards the closing bell as broad-based rally propelled the index to a new intra-day high of 7,360. The Sensex finally closed with a gain of 75 points at 7,347.

While 23 Sensex stocks advanced, seven declined today. Advancing shares accounted for a volume of 81 lakh amounting to Rs 390.91 crore, and declining shares registered a volume of 94 lakh for Rs 632.72 crore.

TCS, on strong Q1 earnings report announced on Friday, vaulted 5.83% (Rs 73) to Rs 1,321. Infosys scaled up 3.50% (Rs 77) to Rs 2,272. While Satyam shot up 3.28% (Rs 16) to Rs 497, Wipro was up a per cent (Rs 7) at Rs 710.

Reliance Energy jumped 3.73% (Rs 24) to Rs 657. HLL gained 2.27% (Rs 4) to Rs 160.

Hero Honda, which reported a 7.56% rise in Q1 net, flared up 4.17% (Rs 26) to Rs 654. While Bajaj moved up 2.74% (Rs 38) to Rs 1,421, Tata Motors was up a per cent (Rs 3) at Rs 467.

Ranbaxy was up 1.47% (Rs 15) at Rs 1,051. Dr. Reddy's and Cipla ended with steady gains at Rs 759 and Rs 333, respectively.

ICICI Bank was up a per cent (Rs 3) at Rs 444. While HDFC Bank ended marginally lower at Rs 627, SBI was down a rupee at Rs 717.

ITC dropped 1.78% (Rs 31) to Rs 1,737. ONGC and Reliance lost a per cent each to Rs 917 (down Rs 10) and Rs 661 (down Rs 5), respectively.