Sensex edges up; IT exporters, consumer goods rebound

Reuters Market Eye - The BSE Sensex edged up on Tuesday, extending gains for a fourth consecutive session after posting a record closing high on Monday.

Domestically-led shares continued to lead gains; Sesa Sterlite was up 2 percent, while Power Grid Corp of India rose 1.3 percent.

IT exporters also gained after taking a beating in the previous two sessions. Infosys was up 2.6 percent after falling 7.9 percent in the last two sessions, while Tata Consultancy Services gained 1.7 percent.

Defensive stocks also gained after taking a pounding recently. ITC was up 1.5 percent after falling 8.2 percent over the last two sessions.

 

Overseas investors bought Indian shares worth 13.50 billion rupees ($231 million) on Monday, provisional exchange data shows.

(Reporting by Abhishek Vishnoi)