LONDON -- The FTSE 100 was up 67.8 points at 6,395.2 and the Techmark, mirroring the Nasdaq's rise overnight, displayed a gain of 131.8 points at 3, 804.8. However, market makers said the market is, barring a big move by Wall Street, unlikely to go far in any direction until the Bank of England makes its interest-rate decision on Thursday.

In tech stocks,

Bookham Technology

featured with a gain of 482p at

33.20 ($52.46) and

Baltimore Technologies

(BALTV)

climbed 462p to

69.25.

Psion

advanced 362p to

42.00 and

Geo Interactive Media

was up 100p at

13.02.

In media,

Pearson

began the session with a 40p fall, but has since rallied strongly to stand 39p higher on balance at

22.50.

Reuters

(RTRSY)

moved up 66p to

12.15 and

BSkyB

(BSY)

rose 25p to

16.00.

Colt Telecom

(COLTY)

was the outstanding riser in the telecommunications sector, the shares displaying a 150p gain at

28.80.

British Telecom

(BTY)

edged forward 25p to

11.76 and

Vodafone AirTouch

(VOD) - Get Report

was 2p dearer at 297.

Outside of these three sectors, it was left to special situations to provide the excitement.

Sun Life & Provincial

jumped 33p to 489 as France's

Axa

unveiled the terms of its offer for the 44% of the company that it does not already own. Minority shareholders are being offered 500p per share cash and Sun Life shareholders will also receive a special dividend of 5p per share.

Cadcentre

, the computer systems group, responded to a very positive trading update with a gain of 51p to 376. The company says that profit for the year to March 31 is expected to exceed market estimates by a substantial margin. And

Powderject Pharmaceutical

jumped 35p to 480 as the company announced promising progress toward the development of an HIV DNA vaccine.

Europe's other bourses were also broadly higher after coming back from the three-day weekend. The

Xetra Dax

in Frankfurt was up 88.82 at 7477.26 and the

CAC 40

in Paris was 83.64 higher at 6503.36. Frankfurt's technology segment the Neuer Markt's Nemax index was up 249.41 at 6572.18.

Gains for German technology stocks were led by

Siemens

(SMWAY)

, which rose 3.40 euros to 166.40 ($152.35) after announcing a share buyback.

Software maker

SAP

(SAP) - Get Report

gained 24.00 euros to 673.00 and

Epcos

(EPC) - Get Report

was up 2.99 euros at 157.99.

T-Online

was up 2.50 euros at 43.50.

Deutsche Telekom

(DT) - Get Report

rose 2.08 euros to 73.47 and

France Telecom

(FTE)

was 5.30 euros higher at 175.50.

Telefonica

(TEF) - Get Report

was up 1.79 euros at 26.27, after announcing it was in merger talks with Dutch telco

KPN

.

Drugmaker

Bayer

(BAYZY)

was one of the day's biggest blue-chip losers, falling 1.19 euros to 44.64.