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Sensex rises 419 pts on global cues, boost from heavyweights

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  • Banking and financial shares soared, mirroring firm ADRs and hopes of financial sector reforms in the Union Budget 2009-10. Other major gainers were Sterlite Ind (6.11 per cent), Larsen & Toubro (5.47 per cent), Tata Consultancy Services (4.35 per cent), Infosys Tech (3.93 per cent), Rel Com (3.93 per cent), BHEL (3.20 per cent), Maruti Suzuki (3.12 per cent) and State Bank of India (2.62 per cent).

    However, Sun Pharma ended sharply lower by 12.17 per cent after the US health regulator seized drugs from the Michigan facilities of Caraco, a subsidiary of the domestic pharma company. Ranbaxy Lab fell 4.37 per cent and Tata Steel 2.53 per cent. The market breadth was positive with 1,689 gainers against 937 losers on the BSE.

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