Sensex snaps three-day decline; closes up 100 points

Sensex snaps three-day decline; closes up 100 pointsThe Bombay Stock Exchange Sensex increased by a hundred points today, which, after a three-day fall, closed at a 30-month high in metal, realty and auto stocks. Following the high, the National Stock Exchange index Nifty also increased to 5,399.35 points which is 31.35 points higher.

Reliance Industries, the current leader in the market, also saw an increase in its shares by Rs. 5.35 and settling at Rs. 1,058.25. Following this is the second in line Infosys Technologies which also rose by Rs. 7.95 to Rs. 2,765.55.

Both Reliance Industries and Infosys Technologies together have about 23 % weight on the Sensex. Out of the 30 index shares, 19 closed with profits and 11 closed with a loss.

India's Finance Minister Pranab Mukherjee has said that the country's food inflation has a chance of coming down to moderate levels, thereby relaxing the tensions around further increases in interest rates.

The most profiting sector was the BSE metal sector index which rose by 3.16 per cent. Even Sterlite Industries which is the largest copper producer, had its shares rate increased by Rs. 7.20 and settled at Rs. 173.30. This was followed by Tata Steel at Rs. 529.95.