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Sensex erases initial losses, ends 49 pts higher

Mumbai: The benchmark Sensex erased early losses and ended about 49 points higher today led by gains in TCS, Tata Motors and HDFC Bank, amid positive global cues.  Shares from auto, realty and IT segments

PTI [ Updated: February 05, 2014 17:25 IST ]
sensex erases initial losses ends 49 pts higher
sensex erases initial losses ends 49 pts higher

Mumbai: The benchmark Sensex erased early losses and ended about 49 points higher today led by gains in TCS, Tata Motors and HDFC Bank, amid positive global cues.  Shares from auto, realty and IT segments attracted good buying interest while from FMCG and refinery closed with losses on profit-booking, said traders.  


The Bombay Stock Exchange 30-share barometer resumed better but immediately dipped to a low of 20,076.10 on mixed Asian cues and sustained selling by foreign funds.  Buying after mid-session, however, lifted the Sensex to settle at 20,261.03, a rise of 49.10 points or 0.24 per cent.  

The gauge had edged up nearly three points yesterday.  Between January 24 and February 3, the BSE index plunged over 1,100 points as the Sensex witnessed falls in six days out of seven.

Smart rise in TCS, Tata Motors, HDFC Bank, Tata Steel, M&M, Infosys, Coal India, Bajaj Auto, GAIL India, NTPC and Hindalco mainly supported the Sensex rise today. Fall in ITC and RIL capped gains.

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