BSE Sensex snaps two-day losing streak

The BSE Sensex rose on Monday after two days of losses as software services exporters gained after Wipro posted solid earnings and joined domestic rivals in giving a positive outlook for the sector. Value-buying also boosted recent underperformers, including lenders such as State Bank of India and more defensive stocks such as ITC. The Sensex closed up 0.7 per cent at 21,205.05, while the broader Nifty ended higher 0.7 per cent at 6,303.95. Shares in Wipro gained 3.7 per cent after the company said late on Friday it is eyeing more lucrative financial industry contracts from Europe and the United States to catch up with its bigger rivals and looks to grow its sales by up to four per cent this quarter. TCS rose 5.7 per cent on value-buying after falling 5.8 per cent on Friday, the most in a day since October 2011.