Thu close: Sensex gains 80 pts

Published on Nov 30, 2006 06:00 PM IST

The BSE index closes higher on the back of a strong rally in technology and banking sector stocks on funds buying.

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None | ByPress Trust of India, Mumbai

The benchmark Sensex closed almost 80 points up in volatile trade on the Bombay Stock Exchange on Thursday, on the back of a strong rally in technology and banking sector stocks on funds buying, triggered by firming global markets.

The BSE 30-share index closed 79.58 points higher at 13,696.31 after moving between 13,745.16 and 13,630.61.

Similarly, the wide-based National Stock Exchange Nifty gained 26.30 points at 3,954.50. Earlier, it touched the day's high of 3,973.00 and a low of 3,929.40.

Trading activity was brisk with several heavyweight stocks in the Information Technology, banking and metal sectors recording sizeable gains and bulk transactions.

Stock brokers said reports that the US economy grew at a 2.2 per cent annual pace in the third quarter, faster than the initial estimate of 1.6 per cent, fuelled fresh round of buying in technology sector shares here.

The most weighted on the Sensex, Infosys Technologies stocks gained Rs 23.35 at Rs 2,180.45, Tata Consultancy Services by Rs 27.45 at Rs 1,191.85 and Wipro by Rs 15.95 at Rs 598.95.

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