Mumbai: Equities resumed on a promising note extending overnight game with the tech
counter leading the rally on the Bombay Stock Exchange (BSE) on April 5 following
the sustained buying by Foreign Institutional Investors (FII's) as well as operators.
Recently battered software shares continued their upward march for the second
successive day on bargain hunting at lower levels. Select second line IT scrips
remained in good demand on speculative buying.
Reflecting the upbeat mode, the BSE-30 share sensitive index opened slightly better
at 3516.43 from April 4 close of 3512.55 and moved up further to a high of 3538.49
before being quoted at 3520.46 at 10: 30 hours (IST).
Petrochem giant, Ril remained in limelight on the news of hike in prices of
company's products.
Dealers said that most of the bad news have been already discounted and all eyes are
now centered around the outcome of fourth quarter result of the tech
companies.
PTI