Sensex rises 111 points; TCS, L&T climb

Mumbai  :  A benchmark index for Indian equities markets advanced 111 points Monday, led by good buying support in TCS and L&T on the back of better-than-expected earnings.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened marginally down at 18,655.93 points, rose to 18,793.44 points, up 0.59 percent or 111.13 points from its previous close at 18,682.31 points.

The Sensex touched a high of 18,793.44 points in the intra-day trade.

The wider 50-scrip S&P CNX Nifty of the National Stock Exchange rose 0.58 percent or 32.90 points to 5,717.15 points.

Better-than-expected earnings of Tata Consultancy Services (TCS) and Larsen & Toubro (L&T) boosted sentiments at the Indian equities markets.

The country’s largest software exporter TCS rallied 2.26 percent to Rs.1,319.50 after announcing 44 percent jump in its quarterly profit.

The share price of engineering conglomerate L&T rose 2.17 percent to Rs.1,668.20. L&T net profit surged by 42.5 percent to Rs.1,137 crore for the quarter ended Sep 30, beating market expectations.

Other major Sensex gainers were: Bharti Airtel, up 1.91 percent at Rs.271.75; NTPC, up 1.74 percent at Rs.169.20; HDFC Bank, up 1.73 percent at Rs.639.10; and ICICI Bank, up 1.69 percent at Rs.1,073.55.

Eleven out of the 30 Sensex scrips closed in the red. Jindal Steel fell 1.52 percent to Rs.400.65. Other major Sensex losers were: ITC, down 1.24 percent at Rs.293.80; Sterlite Inds, down 1.15 percent at Rs.99.20; Hero MotoCorp, down 1.01 percent at Rs.1,830.70; and Tata Motors, down 0.86 percent at Rs.266.60.

Photo  : AFP