Mumbai: The SENSEX opened on a promising note and later rallied smartly in line with a sharp rise in IT bellwether Infosys Tech at early stages on the Bombay Stock Exchange (BSE) on April 10 on fresh purchases by institutional investors.

The BSE sensitive index opened moderately up at 3,465.39 as against April 9 close of 3,463.33 and later surged up to a high of 3,494.19 before being quoted at 3,487.95 at 10.30 am (IST).

Key index counters like Infosys Technologies and Satyam Computers witnessed a sharp rally scoring impressive gains, which in turn aided the SENSEX recovery.

Market sources attributed the rally in IT stocks to increase in FII (Foreign Institutional Investors) investment limit in Infosys Technologies from 49 per cent to 100 per cent and the company's announcement of fourth quarter financial results as per market expectations.

Meanwhile, the Dow Jones Industrial Average finished the session 40.41 points lower and the Nasdaq Composite Index dropped a more-substantial 43.36 points on April 9 night.

PTI