Sensex up by 48.16 points
Mumbai: Select old-economy shares posted smart gains and lifted the Sensex by another 48.16 points to close at 2715.50 on the Bombay Stock Exchange (BSE) following sustained buying by local funds.

The BSE-30 share sensitive index opened better at 2674.29 and moved in a very narrow range of 2726.97 and 2669.05 before closing at 2715.50 as against Wednesday's close of 2667.34, a net rise of 1.81 per cent.

The BSE-100 index also improved further by 5.77 points to 1271.07 from previous close of 1265.30.

RIL again took centre-stage on heavy buying by company circles as well as domestic institutions to induce support for some other key old-economy scrips and help extend the overnight sharp rally.

Infosys Tech suffered a severe beating following nervous offloading by some foreign institutional investors (FIIs) due to a reversal of last two days trend on the Wall Street. While HCL Techno, CMC, Mastek, NIIT and few others found interested buying support.
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