The Hindu : Infosys rally lifts Sensex by 18 points

Online edition of India's National Newspaper
Thursday, Nov 21, 2002

Business

Business

Infosys rally lifts Sensex by 18 points

MUMBAI NOV. 20. IT bellwether Infosys rallied smartly by Rs. 174 to a strong finish at Rs. 4,407.40, aiding the Sensex to end 18 points higher on the Bombay Stock Exchange today on fresh buying from domestic as well as foreign funds.

Other heavyweights such as ACC, MTNL, RIL, Tisco and SBI also attracted keen demand and rallied during the initial part of the session. However, profit booking by speculators and retail investors at the fag end trimmed their gains.

The BSE benchmark 30-share index, which opened marginally lower at 3056.18, was later trapped in a narrow range of 3084.03 and 3056.18 and concluded the session at 3075.48 against Monday's close of 3057.16, netting a gain of 18.32 points.

The broad-based BSE-100 index moved up by another 9.69 points to 1519.73 from 1510.04.

HLL, which remained strong at early stages on reports about marginal rise in its weightage in the MSCI index, later met with selling pressure and finished with minor losses.

Foreign institutional investors (FIIs) were reportedly heavy buyers in IT counters such as Infosys and Digital Global but booked profits in Satyam Computers.

In the specified group, 121 including 18 index-based scrips registered smart to moderate gains while 75 others finished with losses.

— PTI

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