BSE Sensex turns flat, IT shares TCS, HCL Technologies fall, Bajaj Auto gains

Reuters, PTI Posted online: Thursday, Oct 17, 2013 at 0000 hrs
Mumbai : * India's benchmark BSE Sensex index is down 0.01 percent, while the broader NSE Nifty is down 0.06 percent. The indexes are being dragged down by software services exporters Tata Consultancy Services (TCS), which has fallen 2.2 percent and HCL Technologies, which has declined 1 percent as investors book profits.

* Among other IT stocks, Infosys Ltd is down 0.4 percent, while Tech Mahindra Ltd falls 1.4 percent.

* However, Bajaj Auto, India's second-largest motorcycle maker by sales, gains 2 percent after the company reported July-September profit that beat analyst estimates.

BSE Sensex up 33 points to 20,580 on Asian cues

(Reuters) The BSE Sensex recovered by nearly 33 points in early trade on Thursday on fresh buying by funds and retail investors amid a firm trend on other Asian bourses following overnight gains on the US markets.

The BSE Sensex, which had lost 59.92 points in the previous session, recovered by 32.86 points, or 0.16 per cent, to 20,580.48 points in early trade with FMCG, realty, healthcare and oil and gas sector stocks leading the gains.

On the similar lines, the wide-based NSE Nifty moved up 12.60 points, or 0.20 per cent, to 6,101.65.

Brokers said fresh buying by funds and retail investors amid a firm trend on other Asian bourses after US lawmakers passed a last-minute bill to reopen the government and raise the country’s borrowing limit mainly enthused the trading sentiment here.

In the Asian region, the Japan’s Nikkei rose by 1.20 per cent, while Hong Kong’s Hang Seng by 0.50 per cent in early trade.

The US Dow Jones Industrial Average ended 1.36 per cent higher in Wednesday’s trade.