BSE Sensex ends at over 2-week high; Infosys gains

The BSE Sensex ended at its highest close in more than two weeks led by gains in Infosys on the back of positive comments about orders from its CEO, while Reliance Industries advanced on hopes of a reduction in oil subsidies in the upcoming federal budget. The main 30-share BSE index provisionally gained 1.3 per cent to 17,820.14 points, its highest close since February 24. The 50-share Nifty index provisionally rose by as much to 5,429.50, the highest close since February 23. Among individual stocks, Infosys rose 1.5 per cent, while Reliance Industries gained 2.8 per cent. JP Associates (4.83%), Sterlite (4.83%) and SAIL (4.77%) were top Nifty gainers while, Metal Index, Oil & Gas and Realty led the sectoral indices. RELATED STORIES Sensex, Nifty fall for second straight week Sensex rises 1.6%; ICICI, Reliance up Sensex down 274 points, bank shares fall Stock markets shed gains but expect reforms after election outcome Sensex gains 1% in choppy trade on election verdict Wipro down 1.55 per cent and M&M down 1.01 per cent were top Nifty losers. Technical analysts were abuzz as the 50-share Nifty index appeared to be entering the so-called "Golden Cross", which if sustained, could mark a clearly bullish technical trend. Charts show the Nifty's 50-day moving average just about rising above the 200-day moving average -- the typical definition of a Golden Cross -- for the first time since mid-2009. That instance was followed by a nearly two-year surge in the Nifty index that led to it well above 6,000 points. On the NSE, 33 stocks hit new 52-week high while 203 BSE stocks hit Upper circuit in trade today. However, 204 stocks hit lower circuit on the BSE.