Sensex pares losses after falling over 100 points; TCS, Tata Motors lead

MUMBAI: The S&P BSE Sensex which opened with a gap of over 100 points on the lower side, pared its morning losses and turned positive, led by gains in TCS, Tata Motors, ICICI Bank, Hero MotoCorp and Tata Steel.

Markets are also taking cues from exit polls which are indicating that BJP will win highest number of seats in Maharashtra and Haryana.

"Like the US market which rebounded sharply, the Indian indices could also see a revival. The exit poll indications of the state elections held on Wednesday indicate the BJP may be comfortable to form the government in Maharashtra and Haryana," said IIFL report.

At 09:30 a.m.; the 30-share index was at 26434.54, up 84.21 points or 0.32 per cent. It touched a high of 26,462.08 and a low of 26,248.47 in trade today.

The Nifty was at 7,886.15, up 22 points or 0.28 per cent. It touched a high of 7,893.90 and a low of 7,836.45 in trade today.

The S&P BSE Midcap Index down 0.01 per cent higher and the S&P BSE Smallcap Index edged up 0.05 per cent.

Among the sectoral indices, the S&P BSE Auto Index gained 0.59 per cent, the S&P BSE Bankex was 0.16 per cent higher, the S&P BSE Healthcare Index rose 0.25 per cent and the S&P BSE IT Index advanced 0.40 per cent.