BSE Sensex up by 285 Points

BSE Sensex, today has zoomed of 74 points in the early trade. And continued the gain till the post lunch session, at 3:50 pm the Sensex touched 19,016.46 points -gaining 285.30 points. 

The Nifty was also gained around 13 points at  5702 points in the early trade.  And it continued to zoom around 94 points, at the index was at 5,783.10 at 3:50pm.

The stock market rebound the gain due the low inflationary figures and speculations over the rate cut by the reserve bank of India.

The fall in the gold price was also favored the investors sentiment and turned the market in bullying in nature.

This was after TCS witnessed encouraging results in the fourth quarter. Stocks of Tata Consultancy Services (TCS) increased 1.76 per cent to Rs 1,485. This was due to the increase in the company’s net profit during the Jan-Mar qtr. Stocks in IT, oil and gas, capital goods, realty sector and healthcare, recovered.