Mumbai: The BSE benchmark Sensex on Friday rallied by nearly 229 points to hit a fresh six-week high in morning trade, mainly led by gains in IT stocks after Infosys posted better-than-expected first quarter earnings.

Besides, a firming trend in the global markets also buoyed the trading sentiment here. The 30-share index, which had gained 381.94 points in the previous session, rose by 228.78 points, or 1.16 percent, to 19,904.84, with stocks of IT, technology, realty and banking sectors leading the rise in the morning trade. This is Sensex's highest level since closing of 20,215.40 on May 30.
Similarly, the wide-based National Stock Exchange index Nifty rose by 38.30 points, or 0.65 percent, to 5,973.40. Buying activity gathered momentum after Infosys posted better-than-expected first quarter earnings and gave rupee revenue guidance of 13-17 per cent for 2013-14 fiscal, which mainly influenced the trading sentiment, brokers said.
A strong trend in the Asian region following overnight gains on US markets, further generated buying by participants, they said

In the Asian region, Hong Kong's Hang Seng index was up by 0.39 percent, while Japan's Nikkei Index gained 0.20 percent in the morning trade on Friday. The US Dow Jones Industrial Average ended 1.11 per cent higher in Thursday’s trade.


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