Sensex up for 4th day; Tata Motors gains

The BSE Sensex rose on Wednesday for a fourth consecutive session, led by Tata Group companies after Tata Motors surged on unit Jaguar Land Rover's July sales, while Tata Steel gained as its quarterly profit nearly doubled.

The Sensex rose 0.7 per cent, or 137.75 points, to end at 19,367.59, marking its highest close since July 29. The index has gained 3.8 per cent over the previous four sessions. The Nifty rose 0.75 per cent, or 43 points, to end at 5,742.30, closing above the psychologically important 5,700 level.

Tata Motors jumped 9.7 per cent, marking its biggest single-day per centage gain since March 2010, after unit Jaguar Land Rover said on Tuesday it sold 31,611 vehicles in July globally - its best sales in July ever.

Tata Motors later said global wholesale vehicle sales fell an annual 14 per cent in July, as a sharp rise in the sales of its luxury JLR cars failed to offset sluggish passenger and commercial vehicle sales.