Mumbai: Reversing early losses, the BSE benchmark Sensex on Thursday bounced back to close over 56 points up helped by 5 per cent rise in Tata Motors shares on hopes of robust October sales and over 4 per cent rise in Bharti Airtel ahead of a key meeting to consider spectrum refarming issue. The Sensex, which had gained 74.53 points in Wednesday's trade, opened weak and was down over 60 points weighed down by Reliance Industries, HUL, ITC and Infosys in initial trades.
The sentiment reversed as reports of auto sales numbers started filtering in. Bajaj Auto, M&M and Maruti rose 1.3-1.7 per cent range and Tata Motors, which posted numbers after markets closed for the day, shot up by 4.89 per cent. Shares of telecom major Bharti Airtel rose over 4.41 per cent on hopes of some easing as Empowered Group of Ministers (EGoM) today consider the recommendations of Telecom Commission on spectrum refarming, said dealers.
The 30-share Sensex finally closed with again of 56.32 points or 0.30 per cent, at 18,561.70. On the similar lines, the wide-based NSE index Nifty ended 25.35 points higher at 5,645.05 after touching a low of 5,601.95 in early trade.
Shares of Wipro, which rose 7 per cent in early trade after the company announced separation on non-IT business, pared gains to close 3.02 per cent higher. RIL shares also ended marginally positive, shrugging off weak initial sentiment.
Besides, a firming trend in the Asian region and a higher opening in the European market, also helped the late recovery on the domestic boures, brokers said. The BSE consumer durables sector index gained the most today by rising 5.57 per cent as stocks of Titan Industries rallied by 9.83 per cent on the back of company's strong performance in the second quarter.
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