Reported By:
| Edited By: |Source: PTI |Updated: Mar 19, 2018, 02:23 AM IST
The BSE benchmark Sensex on Wednesday closed 47 points up on buying by funds mainly in IT stocks amid reports of higher exports.
The Sensex rose by 47.04 points, or 0.24% to 19,608.08, after moving between 19,723.01 and 19,574.15. The index had gained over 100 points in the previous session.
Similarly, the wide-based National Stock Exchange index Nifty rose by 10.45 points, or 0.18%, to 5,932.95 as the major software exporter Tata Consultancy Services hitting a record high. Shares of TCS rose 1.58% to close at Rs1,430.55 apiece.
Brokers said trading sentiment improved following reports the exports grew by a marginal 0.82% in January to $25.58 billion after contracting for eight straight months.
They said while most Asian markets were closed for Lunar New Year holidays, a better opening in Europe further supported the market sentiment.
In 30-BSE index components, 13 stocks gained led by two most heavy with their 16 per cent weightage on the Sensex - Reliance Industries and Infosys.
Reliance Industries rose by 0.26% to Rs878.25 and Infosys by 1.26 per cent to Rs2,789.30. Tata Motors surged by 2.11% to Rs304.60 after Jaguar Land Rover reported 32% increase in global sales in January.
The IT sector gained the most by rising 1.29% to 6,497.79 followed by teck index by 0.98% to 3,807.80. Auto sector index rose by 0.26% to 10,952.75 and oil and gas index by 0.12% to 9,148.29.
