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Indian markets rise more than 3 per cent

Mohit Joshi 29 April 2009

India Stock Markets New Delhi - Indian equities rose more than 3 per cent Wednesday, riding a good performance by information-technology stocks and positive global cues. The Bombay Stock Exchange's 30-share sensitive index Sensex closed at 11,403, 3.65 per cent above its previous close.

The broader 50-share Nifty index of the National Stock Exchange ended 3.32 per cent up at 3,473.95.

Strong quarterly results from mobile telephone giant Bharti Airtel helped boost market sentiment.

Outsourcing-focused information-technology stocks rose by 3 to 4 per cent after the United States announced aggressive measures to revive its economy. The United States is the biggest market for Indian IT firms.

The Indian markets are closed Thursday and Friday and are to reopen Monday.(dpa)

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