Indian shares rose 0.74 percent on Thursday, snapping a three-day losing streak as investors squared off positions at the monthly expiry of derivative contracts, while a retreat in the rupee helped exporter stocks.
The 30-issue benchmark BSE index rose 95.32 points to 12,979.66, with 22 components gaining. Friday is the last trading day of the 2006/07 financial year.
The market was now waiting for the quarterly earnings season, which bellwether Infosys Technologies kicks off on April 13.
The rupee fell sharply on Thursday, and in late trade was quoted at 43.70 per dollar.
Infosys, the second most heavily weighted stock on the main index, slipped 0.1 percent to 1,991 rupees, its lowest close in 5 months.
STOCKS THAT MOVED
* Software services firm Megasoft Ltd. gained 5.8 percent to 124.45 rupees after its net profit rose 38 percent for the December quarter from a year ago.
* Steel pipe maker Man Industries Ltd. rose 7.3 percent to 199.50 rupees after securing an order worth 10 billion rupees from a customer in the United States.
* Communication and broadcasting equipment maker MRO-TEK Ltd. jumped 11.9 percent to 51.75 rupees ahead of a company board meeting on March 30 to consider a buyback of shares of plan.
* Shreyas Shipping & Logistics Ltd. rose by its maximum daily limit of 20 percent to 103.40 rupees after 2.19 million shares, or about 10 percent of its equity, changed hands in a block deal on the BSE.
TOP THREE BY VOLUME
* IFCI Ltd. on 18.1 million shares
* Indiabulls Real Estate on 6.7 million shares
* Idea Cellular on 4.5 million shares
The 30-issue benchmark BSE index rose 95.32 points to 12,979.66, with 22 components gaining. Friday is the last trading day of the 2006/07 financial year.
The market was now waiting for the quarterly earnings season, which bellwether Infosys Technologies kicks off on April 13.
The rupee fell sharply on Thursday, and in late trade was quoted at 43.70 per dollar.
Infosys, the second most heavily weighted stock on the main index, slipped 0.1 percent to 1,991 rupees, its lowest close in 5 months.
STOCKS THAT MOVED
* Software services firm Megasoft Ltd. gained 5.8 percent to 124.45 rupees after its net profit rose 38 percent for the December quarter from a year ago.
* Steel pipe maker Man Industries Ltd. rose 7.3 percent to 199.50 rupees after securing an order worth 10 billion rupees from a customer in the United States.
* Communication and broadcasting equipment maker MRO-TEK Ltd. jumped 11.9 percent to 51.75 rupees ahead of a company board meeting on March 30 to consider a buyback of shares of plan.
* Shreyas Shipping & Logistics Ltd. rose by its maximum daily limit of 20 percent to 103.40 rupees after 2.19 million shares, or about 10 percent of its equity, changed hands in a block deal on the BSE.
TOP THREE BY VOLUME
* IFCI Ltd. on 18.1 million shares
* Indiabulls Real Estate on 6.7 million shares
* Idea Cellular on 4.5 million shares
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