Sensex at 1-week high; Wipro, TCS underperform

The BSE Sensex was trading at one-week high due to consistent buying interest in banks, metals, capital goods, power and healthcare stocks. Among technology stocks, Infosys (India's No. 2 software services exporter) rose over 1% whereas its rivals Wipro and TCS were down 2.5% and 0.7%, respectively.

The 30-share BSE Sensex rallied 182 points to 17,020.98 and the 30-share NSE Nifty rose 56.10 points to 5,155.95.

Shares of India's largest private sector lender ICICI Bank topped the buying list, rising more than 4% after better than expected results in the quarter ended June 2012. Other lenders State Bank of India and HDFC Bank were up 1.3% and 0.75%, respectively.

Engineering and construction major Larsen & Toubro, commercial vehicle maker Tata Motors and pharma major Sun Pharma surged over 2.5%. Shares of Cipla and M&M gained 2% each.

Among others, Bharti Airtel, Bajaj Auto, Tata Steel, BHEL, NTPC, Sterlite Industries and Tata Power moved up around 1-2%. Index heavyweight Reliance Industries went up 0.7% and cigarette major ITC was up 0.4%.

Shares of Cairn India, Jaiprakash Associates and Reliance Infrastructure surged more than 3%.

In the second line shares, Shree Global, Sobha Developer, IRB Infrastructure, Pipavav Defence and Hindustan National Glass were up 4-7% while Puravankara Projects, Glodyne Tech, Info Edge, Allcargo and Punjab & Sind lost 3-6%.

About two shares advanced for every share declining on the National Stock Exchange.