The markets closed firm on Tuesday with the benchmark index ending the day at 16,153 levels – a gain of 2.2% or 346 points.
The 30-share index had slipped to 15,573 levels in intra-day deals. In broader markets, Nifty gained over 100 points to end the day at 4,879 levels.
Contributing to the rally was Infosys Technologies. The company announced a 20% jump in its fourth quarter net profit ended March 2008 at Rs1,249 crore. The scrip moved up over 6% ended the day at Rs1,510 levels.
Strength was also visible in Ranbaxy Laboratories that reached an agreement with Astra Zeneca over Nexium patent on Tuesday. The counter surged 8.6% by end of trading session.
Wipro Ltd, TCS Ltd, Satyam Computer, State Bank of India, Reliance Communications Ltd, ITC Limited, ICICI Bank, Cipla Ltd, Hindustan Unilever and NTPC Ltd are some of the other key gainers.
Among sectoral indices, BSE IT index firmed up 5.6% or 203 points. BSE oil and gas, realty, capital goods, FMCG, BANKEX and power indices also logged smart gains.