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Sensex gains nearly 3 pct, Infosys slips

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BC INDIA EXCHANGEAfter a weak start in the morning, the BSE Sensex erased its losses and closed nearly 3 percent higher at 11,285.

This was the benchmark’s eighth successive rise — its longest winning streak in 18 months.

The rise was led by heavyweight stocks like Reliance Industries (up 3.1 percent), ICICI Bank (up 6.7 percent) and L&T (up 6.6 percent).

Infosys Technologies, the country’s second-largest software services exporter, declared its fourth quarter numbers today. It reported a higher-than-expected 29 percent jump in profits but forecast its first decline in annual revenue as demand from overseas clients slowed.

Sensex up 1.5 pct, Tech Mahindra jumps after winning Satyam bid

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SATYAM/A rally in global markets today saw the BSE Sensex swing from being briefly negative in early deals to over 11,000 in the last hour of trade, before closing 1.5 percent up at 10,967.

The big news of the day was Tech Mahindra winning the bid for fraud-hit Satyam Computer.

Sensex rises amid choppy trade

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The Sensex seesawed in early trade today but managed to close 0.57 percent higher, tracking gains in Asian and European markets.

The benchmark closed 61 points up at 10,803.86, with investors locking in gains ahead of the earnings season and national elections.MARKETS SOUTHASIA STOCKS

Sensex pares early losses to climb 1.97 pct

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The Sensex closed nearly 2 percent higher after being down more than 3 percent in early trade.

The benchmark closed 207 points higher at 10,742.34, as short coverings and positive sentiments erased morning losses.

Sensex gains 1.8 pct, Satyam surges

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INDIA-STOCKS/The stock market traded firm today and extended gains by 1.8 percent after an extended weekend.

The Sensex closed 186 points higher at 10,534.8, as strong Asian markets helped boost investor sentiments.

Reliance leads Sensex rally

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The BSE Sensex today crossed the psychological mark of 10,000 and ended 446 points higher, its best close in nearly five months, guided by strong Asian and European markets.

The benchmark index ended at 10,348.83, while the 50-share Nifty ended 150.7 points higher at 3,211.05.
INDIA
Reliance Industries surged more than 5 per cent on reports the company has started pumping gas from the KG basin, which at full throttle will nearly double India’s gas output.

Sensex starts new fiscal on positive note

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The Sensex managed to close 2 percent higher today despite short covering, helped by increased buying by funds and strong Asian markets.

The Sensex rise was led by Reliance Industries (up 3.6 percent), Infosys (up 3.8 percent) and HDFC (up 6.7 percent).INDIA-STOCKS/

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