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
NIKKEI 225 36,581.76 -251.51 (-0.68%)
DAX 18,699.40 181.01 (0.97%)
S&P 500 5,626.02 30.26 (0.54%)
Trump to reduce impact of auto tariffs, commerce secretary says

30/04/2025

President Donald Trump's administration will move to reduce the impact of his automotive tariffs on Tuesday by alleviating some duties imposed on foreign parts in domestically manufactured cars and k

Reuters

BRICS ministers meet in Brazil over Trump trade policies

29/04/2025

Senior diplomats from the BRICS grouping of nations gathered Monday in Brazil to present a united front in the face of US President Donald Trump's aggressive trade policies. The meeting comes at a cr

AFP

ECB set for deeper interest rate cutting cycle

28/04/2025

Spiralling inflation in the Euro-Zone was finally stabilized last year after an unprecedented cycle of policy rate increases by the European Central Bank (ECB). The ECB began the record tightening se

The Peninsula

Egypt's annual unemployment rate eases to 6.6%

28/04/2025

Egypt's unemployment rate declined to 6.6 percent in 2024, down 0.4 percent from the previous year, driven by lower joblessness across both urban and rural areas and by growth in sectors such as agri

Arab News

Saudi Arabia, Qatar to clear Syria's $15m World Bank debt

28/04/2025

Saudi Arabia and Qatar have agreed to jointly pay approximately $15 million to settle Syria's arrears to the World Bank, a move set to unlock renewed development funding for the war-torn country.

Arab News