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Sensex Snaps 2-day Fall, Gains 141 Pts

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Snapping its two-day losing streak, the BSE benchmark Sensex today gained over 141 points on buying in bluechips led by IT stocks after Wipro posted encouraging quarter earnings.

The 30-share barometer rose by 141.43 points, or 0.67 per cent, to close at 21,205.05 points. The index, which lost 226 points in the last two sessions, touched a low of 21,001.13 points in day trade.

Brokers said sentiment improved as the third-largest software provider Wipro posted attractive earnings for the third quarter ending December 2013.

The IT sector index advanced the most rising by 2.83 per cent to 9,661.46. TCS rose by 5.53 per cent, Wipro by 3.77 per cent and Infosys by 0.59 per cent.

The broad-based National Stock Exchange index Nifty rose by 52.30 points, or 0.68 per cent to 6,303.95. It touched the day's low of 6,243.35.

Weak overseas trends and a fall in index major Reliance Industries, however capped the gains. RIL fell by 1.70 per cent to Rs 869.50.

Among 30-Sensex stocks, 16 closed with gains. BHEL, Axis Bank, HDFC Bank, Hero MotoCorp, ICICI Bank, ITC, Mahindras and Mahindra and State Bank of India were among major gainers.

The Teck index was the second best performer and rose by 2.50 per cent to 5,275.54, followed by FMCG index which settled up by 1.08 per cent to 6,619.06.


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