Sensex up 74 points in early trade on smart TCS Q4 nos

The BSE benchmark Sensex today rose by over 74 points in early trade on emergence of selective buying by funds, after country's largest software exporter TCS posted encouraging fourth quarter results.
The 30-share barometer gained by 74.46 points, or 0.40 per cent, to 18,805.62 with IT, oil and gas, healthcare, capital goods and realty sector stocks leading the recovery. The index had shed 13.17 points in yesterday's volatile session.
Similarly, the wide-based National Stock Exchange index Nifty moved up by 13.55 points, or 0.24 per cent, to 5,702.25.
Stocks of Tata Consultancy Services (TCS) rose 1.76 per cent to Rs 1,485, after the company yesterday reported a 22.1 per cent jump in net profit at Rs 3,596.9 crore for January- March quarter.

Brokers said besides encouraging corporate earnings, data showing that FIIs were net buyers in yesterday's trade on the bourses also influenced the trading sentiment.
Meanwhile, in Asia, Japan's Nikkei fell by 0.32 per cent, while Hong Kong's Hang Seng index shed 0.16 per cent in early trade. The US Dow Jones Industrial Average ended 0.94 per cent lower in previous session after disappointing earnings reports.