Marketmen said hopes that the US may ease economic sanctions imposed against India for conducting nuclear tests triggered the day's buying spree. US has already dropped curbs on agro exports.

While foreign funds bought stocks of sotftware companies, tobacco major ITC, domestic funds were seen picking up MTNL, SBI, Larsen and Toubro and a few others.

Reflecting the mood of the market, the Delhi Stock Exchange sensitive index recovered by 12.12 points to close at 742.08 points.

Satyam Computers witnessed activity as it posted excellent performance for the first quarter of the current year.

It recorded net profits of Rs 15.28 crore as against Rs 6.50 crore posted in the corresponding period last year. Satyam computer after opening higher at Rs 460.10 surged to Rs 494.90 on sizeablepurchases by some foreign funds mostly attributed to company's working results and concluded at Rs 488.10, showing a steep rise of Rs 34.10.

Silverline rose Rs 5 at Rs 79.80, Software Solution Integrated recovered by Rs 14 to Rs 304 while HCL Infosystem shares went up by Rs 14 to Rs 186 on steady inflow of buying by some foreign funds.