NEW DELHI, Aug 24: A smart rally in information technology (IT) and multinational companies' (MNC) stocks aided a recovery on Delhi Stock Exchange (DSE) following re-emergence of buying by foreign and domestic financial funds. Prices of other blue chips also recovered to close higher, during the day.Brokers said reports that State Bank of India has raised $ 3.44 billion through its Resurgent India Bonds, also had a positive impact on market sentiments. The money raised from the bonds issue will ease a foreign currency shortfall resulting from sanctions imposed for conducting nuclear tests in May, they said.
Reflecting the mood, the Delhi Stock Exchange sensitive index recovered by 5.05 points to 663.17 points, after an initial fall to 652.40 points in early trading. Satyam Computer shares in hectic trading surged to Rs 503 on foreign funds buying dropped partially to close at Rs 498, Software Solution shares ended Rs 6.50 higher at Rs 403.
Digital Equipment shares rose Rs 2.75 at Rs 146.80 and Silverline Industries Ltd shares were up Re 1 at Rs 82.85 on the Delhi Stock Exchange.
Hindustan Lever shares rallied smartly by Rs 25 to clsoe at Rs 1616.75 and ITC Ltd shares up Rs 1.30 at Rs 608.10 after moving in the range of Rs 595.25 and Rs 615.
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