Infotech rally leads Sensex up 52 points

After pushing up banking, cement, auto, pharma, textiles, steel and other sector stocks, market operators and funds have now turned to infotech stocks. Leaving old economy stocks, operators and foreign funds piled on to tech stocks, sending them to new peaks. Thanks to the latest infotech boom, stock markets recovered on Thursday and the BSE Sensex gained 52.57 points to 4,310.51. The S&P CNX Nifty gained 13.35 points to 1,372.70.

Tech stocks, which remained firm right from the beginning on the back of a overnight surge on the Nasdaq, scored further gains in the late trades on churning of portfolio from old economy stocks. Infosys soared by 10.5% to Rs 4,219. HCL Technologies (up 7.9% to Rs 210.45) was another big gainer.