26/11/2009 00:00 AST

India's benchmark stock index rose, reversing earlier losses, led by banks on a report that the Finance minister signaled he would keep the cost of borrowing at a record low.

HDFC Bank Ltd., the nations third-biggest lender, advanced 3.5 per cent after the Hindu Business Line newspaper cited Pranab Mukherjee as saying he may continue with low interest rates until the global economy shows sufficient signs of recovery. Housing Development Finance Corp., the largest mortgage lender, rose 3.6 per cent.

Wipro Ltd., the No. 3 software services provider, gained 2.5 per cent to its highest in almost 2 1/2 years after it said it won a three-year contract from US-based Aquarion Water Co.

The Bombay Stock Exchanges Sensitive Index, or Sensex, rose 61.93, or 0.4 per cent, to 16,781.43. The gauge had earlier declined as much as 1.3 per cent. The measure has risen 74 per cent this year.

For more on this:

http://economictimes.indiatimes.com/Markets/Stocks/Market-News/Infosys-hits-all-time-high-as-Sensex-rebounds/articleshow/5269476.cms

 


The Economic Times

Ticker Price Volume
Index Closing Change
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DAX 18,699.40 181.01 (0.97%)
S&P 500 5,626.02 30.26 (0.54%)
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