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Sensex ends 139 points higher; TCS rallies nearly 5%

MUMBAI: Equity benchmark Sensex added any other 139 points on Monday, marking third straight session of positive factors, as encouraging start of the income season through IT primary TCS boosted buyers' sentiment.

After rising over 200 points intra-day, the 30-share BSE index in spite of everything settled 138.73 points, or zero.36 in keeping with cent, upper at 38,905.84. The broader NSE Nifty rose 46.90 points, or zero.40 in keeping with cent, to near at 11,690.35.

The rally was basically pushed through Sensex heavyweight TCS, hovering four.78 in keeping with cent, which posted robust This autumn numbers.

However, in proportion phrases, Tata Motors was the largest gainer within the Sensex pack rallying 7.04 in keeping with cent. Other best performers have been TCS, Coal India, Tata Steel, Hero MotoCorp, Kotak Bank, HCL Tech, Bharti Airtel, HDFC Bank, Bajaj Auto and NTPC, ending up to four.78 in keeping with cent upper.

Sectorally, metal, auto and IT shares have been main gainers amid sustained overseas fund influx.

IT bellwether TCS soared after the corporate Friday reported a 17.7 in keeping with cent enlargement in consolidated net benefit at Rs eight,126 crore for the March 2019 quarter. However, rival Infosys was the top loser on Sensex, dropping 2.83 in keeping with cent, because of considerations on the income steerage entrance.

Infosys posted a 10.5 in keeping with cent upward thrust in consolidated net benefit at Rs four,zero78 crore for the March 2019 quarter, and guided towards 7.5-9.5 in keeping with cent enlargement in income for FY 2019-20.

Other losers come with, Sun Pharma, Yes Bank, ONGC, Asian Paints, HDFC, ICICI Bank, L&T, ITC and RIL, slipping up to 1.26 in keeping with cent.

Meanwhile, overseas institutional buyers (FIIs) purchased equity worth Rs 897.45 crore on Friday, whilst domestic institutional buyers (DIIs) bought equities to the music of Rs 15.99 crore, provisional knowledge available with inventory exchanges showed.

Elsewhere in Asia, markets in Japan, China and Korea ended on a combined note.

In Europe, bourses in Germany, France and the United Kingdom have been trading within the positive terrain in early deals.

Global crude oil benchmark Brent futures fell zero.73 in keeping with cent to $71.03 in keeping with barrel.

Meanwhile, the Indian rupee depreciated 19 paise to 69.36 towards the USA dollar intra-day.

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