Wednesday, July 12 2006 14:41 Hrs (IST) - World Time -

Mumbai: Attractive quarterly results announced by IT major Infosys Technologies rescued the stock markets from a major plunge after the serial blasts and placed the benchmark index Sensex higher by 93.36 points in early trade on the Bombay Stock Exchange today (July 12, 2006).

The BSE-30 share index notched up 93.36 points at 10,707.71 in the first five minutes of trade.

Similarly, the Nifty index on the wide-based National Stock Exchange was up by 26.20 points at 3142.35 after dipping to 3078.25.

Stock brokers said Infosys Technologies quarterly results which were above market expectations averted any major fall on the bourses after last evening's serial blasts in the financial capital of the country.

Heavy-weighted, Infosys Technologies stocks shot up by Rs 199.30 at Rs 3,350 on massive buying by foreign and domestic funds.

Other technology stocks such as Satyam Computer rose by Rs 24.90 at Rs 744, Wipro by Rs 5 at Rs 503.50 and Tata Consultancy by Rs 56 at Rs 1830.

Bharti Tele, HDFC Bank, ITC Ltd and Gujarat Ambuja Cements also strengthened.

However, Bajaj Auto, HDFC and Reliance Industries were in the red with moderate losses.