Sensex stays up 100 pts; Wipro up 4% ahead of Q4 earnings

The BSE Sensex extended gains amid choppy trade, helped by U-turn in index heavyweight Reliance Industries. Even European markets like France's CAC and Germany's DAX jumped 1% each post Spain sold bonds worth 1.2 billion euro, which was higher than 1.08 billion Euro bonds at previous auction. Britain's FTSE was up 0.5%.

The BSE benchmark advanced 144.37 points or 0.84% to 17,241.05 and the NSE benchmark was up 30.35 points or 0.58% to 5,231.

Country's largest software services exporter Tata Consultancy Services climbed 13.6% amid extremely high volume as the company said it was confident to beat NASSCOM's upper end guidance of 11-14% for FY13. Wipro too extended gains, rising over 4% ahead of January-March quarter earnings that schedule to be announced tomorrow morning while rival Infosys was up nearly 2%.

ICICI Bank - India's largest private sector lender rose 0.7% whereas public sector lender State Bank of India was up 0.6%.

Coal India, country's largest coal mining company moved up 1.7% and FMCG major Hindustan Unilever gained 1%.

Even Reliance Industries turned positive. However, shares of Larsen & Toubro, Bharti Airtel, Bajaj Auto and DLF were down 1.5-2%.

In the second line shares, Hexaware Technologies, Graphite India, Essar Ports, Bata India and Voltas rallied 2.7-4.4%. However, Polaris Technology plunged 7% post disappointing numbers in Q4FY12.

United Phosphorous was down 6% as The Economic Times reported that Competition Commission of India has put a fine of Rs 252.4 crore on the company.

Rallis India dropped over 4% post dismal performance in the quarter ended March 31, 2012.

Kohinoor Foods and KRBL shot up 5-7% after China allowed imports of Indian basmati rice.