<p>Snapping consecutive losses of past two sessions, the Bombay Stock Exchange's 30-share barometer ended the session at 20,168.89, up 43.84 points, or 0.22 per cent. The index was under pressure since morning and traded below 20,000-level for most of the part.<br /><br />During the day, the Sensex had plunged 254 points to hit a low of 19,870, as investors booked profit to stock up money for Rs 15,000 crore mega IPO by Coal India.<br /><br />In a similar trend, the wide-based 50-share Nifty Index of National Stock Exchange finished the session higher by 0.22 per cent at 6,075.95. During the session, it had slipped below the psychosocial 6,000 level.<br /><br />"The market saw accelerated selling in mid-morning trade and in afternoon, as some investors pulled out money to apply for the Coal India IPO. Sentiment was also nervous after two consecutive weeks of losses," India Infoline V-P Research Amar Ambani said.<br />Engineering giant L&T, which reported robust jump of 32 per cent in Q2 profit at Rs 765 crore, ended with a gain of 1.19 per cent.<br /><br />Marketmen said L&T numbers beat the Street estimates, helping the scrip to erase losses suffered in the early part.<br /><br />On sectoral front, IT was the star after Friday's disappointing session post Infosys results. Other notable gainers were oil & gas, realty and tech while consumer durables stocks were the worst hit.<br /><br />IT bellwether Infosys, which had fallen 3.39 per cent in the last trade despite posting strong Q2 numbers, pulled-back smartly and ended 1 per cent higher. Rival TCS also saw heavy demand and closed up by nearly 3 per cent--the most in the BSE -30 pack. Wipro, however, settled 1.26 per cent lower.<br /><br />Infosys result was the way ahead of Street as well as our expectation, Angel Broking said in a note.<br /><br />HDFC, another blue-chip company that today declared its September quarter results, however failed to enthuse investors and ended 0.34 per cent down.<br /><br />Reliance Industries, that holds the maximum weight in the Sensex, too attracted buying and gained 0.77 per cent to close at Rs 1,048.90.<br /><br />"Near-term outlook for the market is a little murky and calls for continued caution. Brace for some volatility too, as we are in the midst of an earnings season," Ambani added.</p>
<p>Snapping consecutive losses of past two sessions, the Bombay Stock Exchange's 30-share barometer ended the session at 20,168.89, up 43.84 points, or 0.22 per cent. The index was under pressure since morning and traded below 20,000-level for most of the part.<br /><br />During the day, the Sensex had plunged 254 points to hit a low of 19,870, as investors booked profit to stock up money for Rs 15,000 crore mega IPO by Coal India.<br /><br />In a similar trend, the wide-based 50-share Nifty Index of National Stock Exchange finished the session higher by 0.22 per cent at 6,075.95. During the session, it had slipped below the psychosocial 6,000 level.<br /><br />"The market saw accelerated selling in mid-morning trade and in afternoon, as some investors pulled out money to apply for the Coal India IPO. Sentiment was also nervous after two consecutive weeks of losses," India Infoline V-P Research Amar Ambani said.<br />Engineering giant L&T, which reported robust jump of 32 per cent in Q2 profit at Rs 765 crore, ended with a gain of 1.19 per cent.<br /><br />Marketmen said L&T numbers beat the Street estimates, helping the scrip to erase losses suffered in the early part.<br /><br />On sectoral front, IT was the star after Friday's disappointing session post Infosys results. Other notable gainers were oil & gas, realty and tech while consumer durables stocks were the worst hit.<br /><br />IT bellwether Infosys, which had fallen 3.39 per cent in the last trade despite posting strong Q2 numbers, pulled-back smartly and ended 1 per cent higher. Rival TCS also saw heavy demand and closed up by nearly 3 per cent--the most in the BSE -30 pack. Wipro, however, settled 1.26 per cent lower.<br /><br />Infosys result was the way ahead of Street as well as our expectation, Angel Broking said in a note.<br /><br />HDFC, another blue-chip company that today declared its September quarter results, however failed to enthuse investors and ended 0.34 per cent down.<br /><br />Reliance Industries, that holds the maximum weight in the Sensex, too attracted buying and gained 0.77 per cent to close at Rs 1,048.90.<br /><br />"Near-term outlook for the market is a little murky and calls for continued caution. Brace for some volatility too, as we are in the midst of an earnings season," Ambani added.</p>