Infosys touches new peak

Infosys touches new peak
ENS ECONOMIC BUREAU

MUMBAI, DECEMBER 21: Key shares led by Infosys Technologies and ITC firmed up further on the Bombay Stock Exchange (BSE) today pushing the benchmark Sensex up by another 39 points. The sentiment was boosted by sustained buying by speculators and domestic financial institutions. Infosys remained in the forefront and closed at an all-time high of Rs 11069.90 in the wake of further upsurge in the Nasdaq composite index of the US.

Sensex (BSE sensitive index), however, dropped from the day's high of 4802.59 to 4731.74 before closing at 4786.01 with a net gain of 39.47 points compared to the yesterday's close of 4746.54. The BSE-100 index spurted by 32.98 points to 2481.87 from the previous close of 2448.89.

Brokers said the Sensex would have shown sharp rise but for losses suffered by several economy stocks like ACC, Bajaj Auto, BHEL, Grasim, GACL, HPCL, Larsen SBI and Tisco. Even other index scrips like Hindustan Lever and Glaxo showed substantial falls. The profit-taking in these scrips were mainly due toend-account considerations on the National Stock Exchange (NSE). ``The rise in Infosys stock was the saving grace,'' said a broker.