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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/

Top among the Sensex gainers were Ranbaxy, HDFC and Reliance Infrastructure, all gaining over 6 percent.

The BSE Realty index emerged on top, posting gains of 5.4 percent. DLF, Unitech and Anant Raj Industries were up in the range of 5-20 percent.

Sensex bounces back, closes 1.47 pct higher

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MARKETS-SOUTHASIA-STOCKS/After a sharp drop yesterday, the Sensex managed to climb 1.47 percent, helped by strong Asian markets.

The benchmark also managed to post its first quarterly rise since December 2007.

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