New Delhi: Pumped up by the impressive Infosys fourth quarter results, the markets ended the week on an extremely positive note after four session of weakness.
Shares of Infosys Tech jumped 2.15 per cent after the company announced a higher-than-expected earnings of Rs 1,124 crore for the January-March quarter – which was up 69.27 per cent from Rs 664 crore in the year-ago period.
Leading the rally were IT pivotals followed by auto, banking and capital good stocks.
The Bombay Stock Exchange (BSE) 30-share sensitive index (Sensex) opened firm at 13,163.02 and later surged to the day's high of 13,421.05 before ending the day at 13,384.08, a net rise of 270.27 points or 2.06 per cent over Thursday's close of 13,113.81.
The broader S&P CNX Nifty of the National Stock Exchange (NSE) also flared up by 87.50 points or 2.28 per cent to close at 3,917.35 from last close of 3,829.85.
About 1528 shares have advanced, 970 shares declined, and 86 shares are unchanged.
The major booster for the day was Infosys results and also on the macroeconomic front, the inflation numbers came lower at 5.74 per cent as compared with 6.39 per cent.
The fall in inflation at the last financial year might ease pressure on the central bank to tighten monetary policy
Another newsmaker of the day was ICRA's bumpers listing. It closed with a premium of 163 per cent, the biggest gainer since April 2006.
Other than FMCG all the other BSE sector indices closed in green.
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