Sensex ends above 19K; metals, banks, IT lead

Indian benchmarks rallied smartly on Tuesday on the back of good third quarter earnings from TCS and strong European cues. Technology, financial and metal companies' shares drove the 50-share NSE Nifty to settle the session above 5700 level, with gain of 69 points at 5724.

January 18, 2011 / 17:09 IST

Indian benchmarks rallied smartly on Tuesday on the back of good third quarter earnings from TCS and strong European cues. Technology, financial and metal companies' shares drove the 50-share NSE Nifty to settle above the 5700 level, with a gain of 69.30 points or 1.23% at 5,724.05.

Healthcare, auto, FMCG, cement and capital goods also supported the markets. However, Bharti Airtel, Reliance Industries, Reliance Infrastructure, HDFC, GAIL, Sesa Goa, DLF and Tata Power were the only losers on the Nifty, which limited its gains to a major extent.

Lars Kalbreier, Managing Director, Head of Global Equity and Alternatives Research, Private Banking Division at Credit Suisse expects India

first published: Jan 18, 2011 03:44 pm

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