The benchmark index Sensex rose by over 150 points in early trading on the Bombay Stock Exchange on the back of good second quarter results posted by IT bell-wether Infosys Technologies.
The BSE-30 share index, which had lost about 3 points yesterday, recovered by 150.26 points at 12,514.03 in the first five minutes of trading today.
Similarly, the Nifty index on the wide-based National Stock Exchange was up by 43.45 points at 3614.50.
Stocks of the Information Technology segment were in good demand among major players after Infosys Technologies announced an over 51 per cent growth in its net profit at Rs 896 crore for the second quarter.
Infosys Technologies' stocks shot up by Rs 118 at Rs 2024 while Tata Consultancy by Rs 38.65 at Rs 1049.
Other major gainers were Wipro, Satyam Computers, Bajaj Auto, Larsen and Toubro, BHEL, Reliance Industries, Reliance Energy, Reliance Communication, Ranbaxy Lab, HDFC Bank, State Bank of India and ONGC.