Infosys helps Sensex end with 45-pt gain, 2nd wkly loss for index

Jan 10 2014, 20:05 IST
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It closed at 20,758.49 with a rise of 45.12 points or 0.22 per cent (Reuters) It closed at 20,758.49 with a rise of 45.12 points or 0.22 per cent (Reuters)
SummaryTCS, Wipro and HCL Tech also saw smart gains.

Germany and UK moved up by upto 0.57 per cent.

Coming back to the local market, besides Infosys, major Sensex gainers were Wipro 2.55 per cent, ITC 2.22 per cent, TCS 1.70 per cent, Dr Reddy's Lab 1.47 per cent, ONGC 1.25 per cent and Reliance Industries 0.75 per cent.

"Infosys Q3FY14 results were better than estimates and the IT sector was positive. However, post Q3 results from Indusind Bank, concerns rose on the asset quality performance, and heavy selling was seen in the banking stocks," said Rakesh Goyal, Senior Vice President, Bonanza Portfolio.

ICICI Bank dropped by 2.56 per cent, Coal India 2.37 per cent, M&M 2.13 per cent, Hindalco 2.08 per cent, Sesa Sterlite 1.97 per cent and SBI 1.85 per cent led 19 Sensex losers.

Hero Motocorp (1.85 per cent), Axis Bank (1.72 per cent), NTPC (1.72 per cent), Tata Steel (1.69 per cent), L&T (1.61 per cent, Cipla (1.09 per cent), Maruti Suzuki (1 per cent) and Tata Power (0.92 per cent) also saw selling.

Among the BSE sectoral indices, IT rose by 2.16 per cent, followed by Teck (1.76 per cent) and FMCG (1.43 per cent).

However, Realty fell by 1.55 per cent, Bankex 1.54 per cent, Metal 1.53 per cent, Capital Goods 1.29 per cent, Consumer Durables 1.28 per cent and Auto 1.03 per cent.

The overall market breadth remained negative as 1,505 stocks fell and 1,034 stocks rose.

Meanwhile, Foreign Institutional Investors (FIIs) sold shares worth a net Rs 3.74 crore yesterday, as per provisional data from the stock exchanges.

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