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%)
World Bank to Finance Syria with $146 Million to Restore Electricity

26/06/2025

The World Bank approved a $146 million grant to help Syria restore reliable, affordable electricity and support the country's economic recovery, it said in a statement on Wednesday.

"The Syr

Asharq Al Awsat

World shares trade near record highs, crude gains nudged by Middle East ceasefire

26/06/2025

Global shares traded near record highs on Wednesday while crude oil prices gained and were on track to snap three straight sessions of declines as Middle East tensions eased, allowing markets to focu

Reuters

Lebanon's economy to benefit from World Bank's $250m recovery boost

26/06/2025

Lebanon's battered infrastructure and strained public services are set for a boost, as the World Bank has approved $250 million to launch a broader $1 billion recovery and reconstruction initiative.

Reuters

Wall Street up as Iran's response to US strikes eases fears of energy disruption

24/06/2025

Wall Street investors took comfort in signs that Iran's retaliatory missile strike, in response to US-led attacks, avoided disrupting global energy supply routes.

The S&P 500 and Dow Jones w

Gulfnews

IMF warns US strikes on Iran could disrupt global economy

24/06/2025

The International Monetary Fund has warned that US airstrikes on Iran could amplify global economic uncertainty, with potential spillovers far beyond energy markets, its head told Bloomberg on Monday

Arab News