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Sensex gains 1 pct led by Infosys, ONGC

July 24, 2009

INDIA-BUDGETThe Sensex added 148 points on Friday to close at 15,378 as investors remained optimistic after better than expected quarterly results.

The benchmark’s rise was led by Infosys Technologies, ONGC and Tata Steel, which were up in the range 2-6 percent.

Tata Motors stood out with a near 10 percent rise.

The auto index outperformed the other sectoral indices with gains of over 5 percent. Bharat Forge jumped over 14 percent, Amtek Auto gained 10.8 percent and Maruti Suzuki ended 6.3 percent higher.

The realty index ended 4.2 percent higher, while the metal index gained 2.4 percent. Prominent gainers in these sectors were and DLF and Tata Steel which gained over 6 percent each.

The Bankex was the only index to close in the red (down 0.9 percent). Stocks like ICICI and SBI registered a drop of over 1 percent each.

Counters like Axis Bank, Maruti Suzuki, Jindal Steel, Crisil and GAIL touched their 52-week highs today.

The Sensex has gained over 600 points this week. Do you think its climb will be affected by RBI’s quarterly review on Tuesday?

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