TCS, RIL, Bharti, Wipro drive Sensex up 200 points
14 Oct 2011
Equity benchmarks jumped about 1% ahead of quarterly earnings of heavyweights TCS (on Monday) and Reliance Industries (Saturday); both stocks gained more than 4% and 2.5%, respectively. The 30-share BSE Sensex surged 202 points to 17,086 and the 50-share NSE Nifty moved up 55 points to 5,132.40.
Bharti Airtel and Wipro shot up nearly 4%. ITC, Infosys and ICICI Bank moved up more than 1.5%. Jindal Steel soared 5.3%.
Auto stocks too were on buyers' radar barring Maruti. Tata Motors and Bajaj Auto gained 2% each. Both Hero Motocorp and M&M rose 0.5% each. However, Maruti plunged 3.5% due to endless labour problems at its Manesar plant.
However, metal stocks heavily butchered on the back of Karnataka mining issue. Coal India, Tata Steel and Sesa Goa fell 3.5-4%.
From the realty space, DLF plunged 3.5%. L&T, SAIL, Sterlite and Cipla were down about 1%.
At 14:16 hours IST : Sensex rises 150 pts; European markets gain 1%
