Sensex up 78 pts, Infosys crosses Rs 13,000

Brokers said that the trend-setter, Infosys Technologies, zoomed to the forefront by scaling the Rs 13,000 mark and hit a new all-time high, helping the Sensex to scale new high in the wake of good buying by speculators, foreign funds and Indian financial institutions alike. Infosys Technologies that had remained consistently in the limelight and created new records last week, once again witnessed a rally and was locked in the upper circuit filter. The scrip scaled a new peak at Rs 13,694.35.

FIIs, which reportedly made fresh purchases in select infotech stocks and cyclicals like Larsen, Mahindra and others helped revive speculative activity in the market. Even domestic institutions also picked up share of select scrips like Reliance Petrol, Larsen and others.