Sensex and Nifty ended marginally higher today, aided by gains in IT, pharma and oil & gas stocks However, selling pressure in some metal, FMCG and capital goods capped gains. The Sensex ended 35 points higher at 34,450 while Nifty edged higher by 20 points to 10,584. Shares of TCS, India’s biggest software services exporter, climbed as much as 4.6 per cent to a record high of Rs 3,557, after the company posted its biggest-ever quarterly profit last week. In this process, TCS also became the first Indian IT company to hit $100 in market capitalisation.
"It’s great news not just for TCS, even for the Indian equity market as a whole," said Urmil Shah, an analyst at IDBI Capital. "TCS has done most of the things right over a long-term … a stable management, adapted to industry changes better and invested in it at the right time."
