ICE stocks help fresh rally in Sensex

MUMBAI, JUNE 2. Led by infotech, communication and entertainment (ICE) stocks, equities staged a sharp recovery lifting the Sensex by 128 points on the Bombay Stock Exchange today on hectic shortcovering and fresh purchases by foreign institutional investors and financial institutions.

ICE shares responded positively to the upswing in the Nasdaq composite index that bounced back by over 181 points last night and induced speculators not only to cover short positions but even extend commitments at the concluding session of the current settlement.

The FIIs were consistent net buyers in a number of ICE scrips such as Infosys Technologies, Satyam Computers, Global Telesystems, SSI, Pentamedia Graphics, Zee Telefilms, Wipro and some others.

The BSE sensitive index opened firm at 4381.70 and gradually moved upwards to the day's high of 4486.99 before closing at 4453.47 against 4325.47.

- PTI

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Section  : Business
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