Volatile Sensex gains strength; TCS up 11% on value buying

The BSE Sensex gained somewhat strength amid choppy trade due to further upside in TCS, and a bit of recovery Reliance Industries and Infosys. However, the Indian rupee was moving towards the 53 level, which fell 32 paise to 52.81 a dollar.

The BSE benchmark rose 67.58 points or 0.4% to 17,164.26 and the NSE benchmark went up 11.60 points to 5,212.20 while the broader markets were moderately down.

India's top software services exporter Tata Consultancy Services spiked 11% amid heavy volumes. Better than expected numbers for the fourth quarter and showing confidence by the company to beat top-end of NASSCOM's guidance of 14% in FY13 propelled the stock higher.

Wipro too gained 2% ahead of its fourth quarter numbers that schedule to be announced tomorrow morning. However, Infosys was down 0.6%, which recovered quite sharply. It fell nearly 4% at one point of time in early trade.

Shares of Tata Motors, HUL, Tata Power, Coal India, BHEL, Hindalco, Sun Pharma and Hero Motocorp gained 1-2%. Lenders State Bank of India and ICICI Bank were up 0.3-0.5%.

However, India's most valued stock Reliance Industries and top telecom operator Bharti Airtel trimmed losses, falling 0.87% and 3.85%, respectively.

Even cement makers Ambuja Cements and ACC were down 2-3%.

Britannia Industries and Titan Industries were among top five most active stocks with 5 lakh shares and 9.6 lakh shares.