Markets end higher; IT, Auto stocks up

Commentary

oi-Sneha

By Sneha B K

Published: Wednesday, February 13, 2013, 15:48 [IST]

Markets ended the day higher led by gains in stocks like Tata Motors, TCS, HDFC. The Sensex closed with gains of 47 points, while the Nifty gained 10 points at 5932 points.

Pressure was seen in banking stocks, real estate and metal stocks.

Shares of the Tata Motors rose 3% after robust JLR sales in the month of January 2013.

Shares of the Motherson Sumi gained 5% after the company's board approved QIP of up to 4.41 crore shares.

Among the sectoral indices on BSE, IT sector was leading the rally followed by TECk, Auto.

Stocks that gained in today's trade were HCL Tech, Tata Motors, HDFC, TCS and IDFC.

The stocks that failed to lure investors were Reliance Infra, DLF, Sesa Goa and Bajaj Auto.

Meanwhile, most of the Asian markets were closed on account of Lunar New Year. Markets in Europe were trading mixed terrain.

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