By IANS
Mumbai : After a choppy start in early trades, Indian stock markets bounced back on a stronger note and ended on another all-time high. The benchmark sensitive index (Sensex) of the Bombay Stock Exchange (BSE) closed at 18,814, gaining 155 points during the day.
The broader S&P CNX Nifty of the National Stock Exchange (NSE) also closed at an all-time high of 5524.85, a gain of 84 points or 1.53 percent.
Despite the IT sector bleeding due to tenuous rupee guidance levels declared by Infosys, the markets rallied to create another benchmark. Markets witnessed heavy selling pressure on IT and sugar stocks.
The top gainers on the Sensex were VSNL up 8.29 percent at Rs.543.90, Mahindra & Mahindra up 8.07 percent at Rs.817.55 and Sterlite Industries by 7.47 percent at Rs.823.90.
Stocks that dragged the index down were Satyam Computers, down 7.23 percent at Rs.448.30, Infosys Technologies down 6.97 percent at Rs.1,976.85 and HCL Technologies trailing by 5.09 percent at Rs.312.60.
While the IT and sugar stocks were sulking, rest of the market continued to party with buying across all sectors.