Markets remain buoyant, Sensex up by 90 points
Technology stocks rose for the second day in a row on Wednesday, helping the benchmark Sensex to close the day higher by over 90 points.
The 30-share Sensex on the Bombay Stock Exchange ended at 16,244.19, a gain of by 90.53 points.
The index moved between 16,413.80 and 16,198.46 points during the day.
The BSE barometer had advanced by over 340 points on Tuesday after IT bellwether Infosys announced encouraging guidance for 2008-09.
The wide-based National Stock Exchange index Nifty also rose by 7.65 points at 4,887.30. It touched the day's high of 4,951.40 and a low of 4,874.05 points.
IT stocks remained the front-runner, led by Infosys Technology. The sector index rose the most by 144.02 points at 4,006.50. Infosys, the second-largest software services company, surged for the second day after it said sales might go up about 21 per cent in the year to March 2009.
Infosys, the worst performer on benchmark stocks last year, gained Rs 89.15 at Rs 1,599.95. Wipro was higher by Rs 22.70 at Rs 447.35.
Metal sector was the second best performer by 116.68 points at 14,134.32, followed by oil and gas index by 88.09 points at 11,422.02.