TCS, Wipro lift Sensex up by 141 pts; RIL down 1.70%

Besides RIL, Coal India at 1.12 per cent and Tata Power at 1.02 per cent were the biggest losers.  Among the BSE sectoral indices, IT rose by 2.83 per cent followed by teck 2.50 per cent, FMCG 1.08 per cent, bankex 0.75 per cent, auto 0.72 per cent and realty per cent. Oil&Gas index closed with a fall of almost 1 per cent following a drop in Reliance Industries.  

Jignesh Chaudhary, Head of Research, Veracity Broking Services, said it was a mixed day of trading in Indian equity markets. They traded a bit weak in early trade on negative Asian stocks, which were reeling under the weak Chinese GDP numbers.

“In last of hours of trading shares got revived and ended the day on a strong note, buoyed by some good positive rallies seen in the IT and banking Stocks.”

Meanwhile, foreign institutional investors (FIIs) picked up shares worth Rs 75.27 crore last Friday, as per the provisional figures issued by stock exchanges.  The market breadth turned positive as 1,407 stocks rose, 1,238 declined and 152 ruled steady. Total turnover fell to Rs 1,831.60 crore from the last Friday's level of Rs 3,133.56 crore.

Asian stocks ended mixed after China's economic growth slowed in the fourth quarter as gains in factory output and investment spending eased.

Key benchmark indices in China, Japan, Singapore and Hong Kong were down in the range of 0.59-0.88 per cent while those in South Korea and Taiwan rose by 0.30-0.48 per cent.

European markets were trading lower in their early trade as indices in France, Germany and UK eased by 0.06-0.34 per cent.