Mumbai: Sharp rally in Infosys Tech helped the SENSEX to resume in positive territory on the Bombay Stock Exchange (BSE) on November 27 following the news that the company might plan to float ADR on NASDAQ.

The software bellwether Infosys Tech was in the limelight right from the onset of business on the news that the company, taking the advantage of recently liberalised ADR programme, might be proposing to raise $ 100 million from its ADR issue. The company has already raised $ 60 million in its first ADR issue.

The BSE-30 share sensitive index opened firm at 3,193.13 and was trapped in a narrow range of 3,201.73and 3,181.34 before being quoted at 3,198.81 at 10.30 am (IST) against the November 26 close of 3,187.76.

Smart upsurge in other heavyweights like HLL and HPCL also contributed to the SENSEX rise.

Select public sector undertaking (PSU) counters also attracted renewed buying on expectation of early breakthrough in the divestment process.

PTI