Sensex ends up 47 points at 19608 - LuvKush Finserve

The Sensex, after touching a high of 19,723 pared some gains and ended up 47 points at 19,608. Nifty ended up 10 points at 5,932.

Investors would be looking at the January WPI data which is scheduled to come out on February 14. This is likely to decide the stance of RBI's monetary policy on March 19. Meanwhile, after contracting for eight straight months, India's exports grew by a meagre 0.82% in January to $25.58 billion. Exports had stood at $25.37 billion in January 2012. Imports rose by 6.12% to $45.5 billion in the month under review, widening the trade deficit to $20 billion.

IT stocks rose after the National Association of Software and Services on February 12 projected up to 14% growth in revenue from software exports at between $84 billion to $87 billion for the year ending 31 March 2014 (FY 2014). BSE IT index was up 1.3% at 6,498.

Auto shares rallied on the back of gains in Tata Motors. BSE auto index was up 0.3% at 10,953.

Reliance took the BSE oil & gas index higher by 0.2%. However, weakness was noticed in the BSE metal index which was down 1.2% at 9,912. Broader markets underperformed the benchmark, with the BSE mid-cap index slipping 0.28% at 6,704. Small cap index was down 0.5% at 6,708.

Source : Equity Bulls

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