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Sensex rises 100 points; TCS, Wipro surge

Maharashtra,Business/Economy, Tue, 24 Apr 2012 IANS
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Mumbai, April 24 (IANS) A benchmark index for Indian equities markets was trading 100 points higher in the afternoon session Tuesday, led by more than 12 percent surge in the share price of Tata Consultancy Services (TCS).

 

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened in the positive at 17,154.75 points, was ruling at 17,195.82 points in the afternoon session, up 0.58 percent or 99.14 points from its previous close at 17,096.68 points.

 

The 50-scrip S&P CNX Nifty of the National Stock Exchange was trading 0.42 percent higher at 5,222.65 points.

 

Share price of the country's largest outsourcing firm Tata Consultancy Services (TCS) surged 12.44 percent to Rs.1,191 a day after the firm announced 23 percent jump in fourth quarter profit.

 

Wipro was ruling 2.82 percent higher at Rs.435.65.

 

Hindalco Inds, 2.27 percent higher at Rs.121.60; Coal India, up 1.94 percent at Rs.361.80 and Tata Power, 1.91 percent higher at Rs.104.15 were among the other major Sensex gainers.

 

Telecom stocks slumped after the regulator proposed a steep hike in 2G spectrum prices.

 

The country's largest telecom firm Bharti Airtel was down 2.64 percent at Rs.304.40.

 

Other major Sensex losers were: L&T, down 1.82 percent at Rs.1232; Mahindra & Mahindra, down 1.73 percent at Rs.702.70; Maruti Suzuki, down 1.25 percent at Rs.1358.15 and Gail India, down 1.11 percent at Rs.348.70.

 

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