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%)
US consumer sentiment plummets to second-lowest level on records

12/04/2025

Americans are rarely this pessimistic about the economy.

Consumer sentiment plunged 11% this month to a preliminary reading of 50.8, the University of Michigan said in its latest survey rel

Saudi Gazette

Chinese diplomat condemns US tariffs as 'abusive' and warns of global trade damage

11/04/2025

US tariffs imposed on Chinese goods are "abusive" and damaging to global supply chains, a diplomat from the Asian country to Saudi Arabia has said.

Speaking at a media roundtable held in the

Arab News

Trump declares 90-day tariff pause for many countries, but hikes China rate to 125%

10/04/2025

President Donald Trump announced a 90 day pause on his sweeping tariffs Wednesday, giving all countries a 10 percent baseline except China, which will see even higher levies.

"Based on the l

AFP

US Former Treasury Secretary warns US likely headed to recession, 2 million jobless

09/04/2025

Former Treasury Secretary Lawrence Summers warned that the US is now likely headed toward a recession, with potentially 2 million Americans put out of work, thanks to the tariff increases now in trai

Bloomberg

Trump's tariffs explained: Why they caused a market meltdown & who will bear the brunt

09/04/2025

Major stock markets in the world suffered heavy losses at the start of the week triggered by US President Donald Trump's new tariffs. Some economists downplayed the global stock market plunge and sai

Khaleej Times