The markets settled higher for the fourth consecutive session today following bargain hunting in technology and PSU stocks. However, selling pressure at some heavyweight bluechip counters capped the gains.
The sensex, after trading in a narrow range of 29.8 points, ended up by 6.84 points at 2,966.63, while the S&P CNX Nifty gained 4.25 points to close at 938.30.
Gainers outnumbered losers by two to one in heavy trades. Technology stocks rebounded on market scuttlebutt that Infosys Technologies has won a $60 million order from a large US-based financial services firm.
The Infy share climbed 4.47 per cent to Rs 2,915.45 on sustained buying support from mutual funds. Satyam Computer, too, gained 5.35 per cent to end at Rs 160.25.
Even second-rung stocks appreciated. However, HCL Technologies declined on selling pressure. The stock shed 0.41 per cent and ended at Rs 135.70, off from the day
