Sensex closes higher to end year with 9 percent gains

MUMBAI (Reuters) - The BSE Sensex edged higher on Tuesday, provisionally gaining 9 percent in 2013 as sustained foreign investor flows offset widespread concerns about a domestic economy suffering from low growth but high inflation.

The Sensex provisionally rose 0.13 percent on the day, marking a 9 percent gain for the year.

The Nifty ended up 0.19 percent, gaining 6.74 percent for the year.

Blue chips gained on Tuesday, with Reliance Industries closing up 0.78 percent, Tata Motors ending 0.45 percent higher and Tata Consultancy Services gaining 0.84 percent.

Shares of Apollo Tyres Ltd surged 5.43 percent after a deal to acquire U.S.-based Cooper Tire & Rubber Co fell through late last night.

 

(Reporting by Himank Sharma; Editing by Anand Basu)