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TCS, Infy help Sensex close 156 points higher

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CIOL Bureau
New Update

MUMBAI, INDIA: A rally in heavyweight IT stocks - TCS and Infosys - helped a benchmark index for Indian equities markets on Tuesday close 156 points higher. Also, positive cues from global bourses lent support to a buying sentiment across the market breadth.

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The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 16,446.85 points and closed at 16,498.47 points - up 156.77 points or 0.96 per cent compared to its previous close at 16,341.7 points.

The 50-scrip S&P CNX Nifty of the National Stock Exchange also ended in the positive, 1.02 per cent up at 4,948.9 points.

Broader markets, too, closed in the green. The BSE midcap index moved up 0.95 per cent, while the BSE smallcap index ended 1.16 per cent higher.

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IT, telecom and consumer durables stocks were among the major gainers in trade on Tuesday.

Foreign institutional investors were, however, net sellers having offloaded stocks worth $166.73 million on Tuesday, according to data available with the Securities and Exchange Board of India (SEBI).

Among gainers on the Sensex were: TCS, up 6.66 per cent at Rs. 979.50; Bajaj Auto, up 4.27 per cent at Rs. 1,545.35; Infosys, up 3.64 per cent at Rs. 2,274 and BHEL, up 2.65 per cent at Rs. 1,761.50.

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The main losers included ONGC, down 2.65 per cent at Rs. 279.15; Cipla, down 2.59 per cent at Rs. 282.55; NTPC, down 2.03 per cent at Rs. 171.25 and Tata Motors, down 1.02 per cent at Rs. 729.15.

Asian markets closed higher on the day, helped by better than expected data on manufacturing growth from China and tracking overnight gains on Wall Street.

There were hopes that the Libyan political turmoil would soon be over and a new government would help in re-starting oil supplies.

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The benchmark Japanese Nikkei closed 1.22 per cent higher at 8,733.01 points, while the Chinese Shanghai Composite index moved up 1.52 per cent to close at 2,554.02 points.

European markets also rose amid release of some comforting economic data and a positive stance adopted by some leading financial advisory firms on Euro zone equities.

The FTSE 100 of UK was ruling 1.26 per cent higher at 5,159.38 points, while the German DAX rose 1.78 percent at 5,571.2 points.

The French CAC 40 was up 1.94 per cent at 3,110.67 points.

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