Mumbai: The BSE benchmark Sensex rose by over 105 points in early trade on Friday on fresh spell of buying by funds and retailers after Tata Consultancy Services (TCS) posted better-than-estimated earnings for Q1 2013.

The 30-share barometer, which lost 385.80 points in the previous two sessions, rebounded by 105.75 points, or 0.61 percent, to 17,338.30 with technology, banking and metal sector stocks leading the recovery.

Similarly, the wide-based National Stock Exchange index Nifty was trading 30.75 points, or 0.59 percent, higher at 5,266.00. Brokers said trading sentiment turned better after the country's largest software exporter TCS posted nearly 38 percent jump in consolidated net profit at Rs 3,317.68 crore for the April-June period of FY 2013.

The company had announced the results on Thursday after the market hours. TCS shares were up 3.01 percent to trade at Rs 1,273.25 on a flurry of buying.

Infosys, which had also announced results on Thursday, remained under pressure and shed another 0.63 percent to Rs 2,251 as company's earning failed to impress investors. A firming trend on the other Asian bourses also influenced the trading sentiments here, traders said.

In the Asian region, Japan's Nikkei was up by 0.28 percent, while Hong Kong's Hang Seng index gained 0.26 percent in early trade. The US Dow Jones Industrial Average ended 0.25 percent lower in Thursday’s trade.


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