BSE Sensex overcomes inflation jitters to end up nearly 1 percent

The benchmark 30-share sensitivity index rose 112.54 points to close at 15,807.64, with 18 components ending in the green. It touched a high of 15,957.24 and a low of 15,673.67 during intraday trade.

The index, which hit a record high of 21,206.77 on Jan. 10, is down about 22 percent this year.

The Sensex surge was led by BHEL which recovered from Thurday's decline to end up 3.67 percent at Rs.1829.95.

Engineering and construction major Larsen & Toubro (L&T) and top listed firm Reliance Industries (RIL) gained 3.57 percent and 3.34 percent to Rs.2774 and Rs.2550.05 respectively. The two stocks contribute to almost a quarter of the weight of the index.

IT majors Satyam Computer Services and Tata Consultancy Services (TCS) climbed 2.30 percent and 0.82 percent to Rs.433.20 and Rs.908.15 respectively.

Auto majors Mahindra & Mahindra and Maruti Suzuki advanced 1.31 percent and 0.18 percent to Rs.620.25 and Rs.739.10 respectively.

In the banking and financial sector, State Bank of India, Housing Development Finance Corporation and HDFC Bank rose 0.36 percent, 0.17 percent and 0.03 percent to Rs.1667.90, Rs.1327.80 and Rs.2381.15 respectively.

Power majors Reliance Energy and NTPC ended up 2.22 percent and 0.27 percent to Rs.1281.15 and Rs.186.50 respectively.

Telecom giants Reliance Communications and Bharti Airtel surged 1.83 percent and 0.69 percent to Rs.493.25 and Rs.804.20 respectively.