Tech-mania took hold of the market as the BSE Sensitive Index (Sensex) ended with a gain of 58.84 points at 3,679.63, its best close since March 7, 2002. The NSE S&P CNX Nifty Index also rose by 21.30 points to close at 1,162.35.
Gains in tech stocks after impressive first quarter results and encouraging guidance for the current fiscal from Infosys Technologies lifted the market.
Public sector undertakings (PSUs) stocks also gained ground towards the close of the session as the Cabinet Committee on Disinvestment (CCD) has announced fresh privatisation initiatives. However, pharma stocks saw some selling pressure on profit booking.
Infosys Technologies jumped from Rs 3,351 to an intra-day high of Rs 3,693.70 before settling at Rs 3,614.50, up 11.02 per cent. Over 8.77 lakh Infosys shares were traded on the BSE.
Other tech pivotals such as HCL Technologies was up 9.79 per cent to close at Rs 170.50 and Satyam Computer was up 9.97 per cent to close at Rs 206.20.
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