Mumbai:  The BSE benchmark Sensex on Wednesday closed 47 points up on buying by funds mainly in IT stocks amid reports of higher exports.

The Sensex rose by 47.04 points, or 0.24 percent to 19,608.08, after moving between 19,723.01 and 19,574.15. The index had gained over 100 points in the previous session.

Similarly, the wide-based National Stock Exchange index Nifty rose by 10.45 points, or 0.18 percent, to 5,932.95 as the major software exporter Tata Consultancy Services hitting a record high. Shares of TCS rose 1.58 percent to close at Rs 1,430.55 apiece.

Brokers said trading sentiment improved following reports the exports grew by a marginal 0.82 percent in January to USD 25.58 billion after contracting for eight straight months.

They said while most Asian markets were closed for Lunar New Year holidays, a better opening in Europe further supported the market sentiment.

In 30-BSE index components, 13 stocks gained led by two most heavy with their 16 percent weightage on the Sensex - Reliance Industries and Infosys.

Reliance Industries rose by 0.26 percent to Rs 878.25 and Infosys by 1.26 percent to Rs 2,789.30. Tata Motors surged by 2.11 percent to Rs 304.60 after Jaguar Land Rover reported 32 percent increase in global sales in January.

The IT sector gained the most by rising 1.29 percent to 6,497.79 followed by teck index by 0.98 percent to 3,807.80.

Auto sector index rose by 0.26 percent to 10,952.75 and oil and gas index by 0.12 percent to 9,148.29.


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