Sensex vaults by 270 pts

8220;With Infosys results exceeding expectations, we expect other IT companies to come out with good results. If corporates come out with good results, the market will come out of the problems created by interest rate hikes and inflation,8221; said an analyst with a domestic brokerage.

Forex reserves hit 200 bn mark

MUMBAI: Foreign exchange reserves have crossed the 200 billion mark around Rs 858,000 crore. The reserves increased by 1.141 billion to 200.325 billion during the week ended April 6, 2007 following a rise in portfolio investment and export remittances. This level is enough to meet imports for more than a year 8212; a far cry from the days in 1990 when the country had to pledge gold to finance imports. Foreign currency assets in dollars include the effect of revaluation of non-US currencies such as euro, sterling and yen held in reserves. Special drawing rights SDRs and gold reserves remained static at 2 million and 6.784 billion respectively, according to the RBI figures.