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Infotech, FMCG shares spark rally; ITC, SBI, RIL gain, pharma dips; Sensex surges 80 points to 3783.71

Led by infotech and fast moving consumer goods stocks, share prices staged a remarkable rally at the Bombay Stock Exchange, pushing up the Sensex by about 81 points. Heavy buying support from bull operators and foreign institutional investors marked the first day of current settlement today.

Besides, infotech and FMCG, tradional pivotals like ITC, SBI and Reliance also gained moderately, improving the market sentiment in general. The pharma scrips which reported handsome gains in the last week on passage of Patent Bill, however, fell sharply on speculative selling pressure, dealers said.

The dealers also pointed out that barring infotech, none of the other sectors witnessed overall bullish trend.

The 30-scrip BSE Sensex opened at 3778.97 points, surpassing the important mark of 3800 points. It touched the day's high of 3817.94 points, and low of 3750.70 points, before closing at 3783.71 points, showing a net gain of 80.90 points from the previous close of 3702.81 points.

The broad-based BSE-100 index also rose by 40.55 points to 1659.63 points as against the Friday's close of 1619.08 points.

UNI

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