Online edition of India's National Newspaper
Friday, Jan 12, 2007
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Online edition of India's National Newspaper Friday, Jan 12, 2007 ePaper |
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MUMBAI: Riding high on a remarkable increase in net direct tax collections and a modest fall in current account deficit, the stock market bounced back on Thursday and ended at 13,630.71. The market sentiment was partly aided by Infosys Tech's third quarter earnings and the revenue guidance for 2007, which turned out to be as per market expectations. Investors hectically covered their short-sold positions in the past three sessions after Infosys surprised the market with steady performance results contrary to fears that the company may not live up to the market projections. The Bombay Stock Exchange 30-share sensitive index surged strongly to the intra-day high of 13667.80 after a weak start and later ended the day at 13630.71, a net rise of 268.55 points or 2.01 per cent over the Wednesday's close of 13362.16. The Sensex had fallen by 652.76 points or 4.66 per cent in the last five days. — PTI
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