By IANS
Mumbai : Technology stocks Friday pulled back Indian shares after a two-day downward trend, taking the weekend closing of a key index up by 0.84 percent.
The 30-share benchmark index of the Bombay Stock Exchange (BSE) closed 0.84 percent or 120.34 points higher over Thursday at 14,338.45 levels, with 20 of its components trading in the green.
Similarly, the broader 50-issue National Stock Exchange (NSE) index Nifty was up 1.03 percent or 43.25 points to close at 4,248.15.
Leading the upsurge was top housing finance company Housing Development Finance Corporation, up 3.64 percent at Rs.1,818.75, followed by India's fourth largest software exporter Satyam Computers, up 3.48 percent at Rs.471.85 and its rival Infosys Technologies, up 2.57 percent at Rs.1,986.35.
Other major stocks that traded in the green included top lender state-owned State Bank of India, leading engineering and construction company Larsen & Toubro, leading private telecom service provider Reliance Communications, top multi-utility vehicle maker Tata Motors, India's third largest software exporter, Wipro and consumer goods major Hindustan Lever.
The country's second largest private sector lender HDFC Bank led the major index losers of the day, down 1.85 percent at Rs.1,069.45, followed by India's largest steel producer Tata Steel, down 1.15 percent at Rs.624.35 and cement major Gujarat Ambuja Cements, down 1.04 percent at Rs.113.80.
Major index shares that traded in the red included Pharma major Cipla, textile major Grasim Industries, top private telecom service provider Bharti Airtel, state-run heavy electrical equipment maker BHEL, car maker Maruti Udyog and top two-wheeler and three-wheeler maker Bajaj Auto.