Investors enthused by TCS, Sensex rises 46 points

Jul 16, 2010 |

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Mumbai, July 16: India's largest software exporter TCS's robust June quarter earnings revived dampened investor sentiment and drove the BSE benchmark Sensex up 46 points today.

Below expected results by Infosys and HDFC had pulled down the market by 75 points in the previous two days.

However, TCS's over 24 per cent growth in profit for Q1 brought back optimism that India Inc will come out with promising earning numbers.

The TCS counter was on fire and closed up by a whopping 6.16 per cent, the highest among Sensex stocks.

The improved sentiment helped the Bombay Stock Exchange 30-share index close at 17,955.82, up 46.36 points, or 0.26 per cent.

The session was choppy and the barometer fluctuated between a low of 17,980.27 points and a high of 17,892.16.

During the week, the Sensex rose by another 0.68 per cent.

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