Sensex ends higher for third session; TCS gains
Sensex
Top software services exporter Tata Consultancy Services closed up 2.4 percent
Indian shares ended higher for a third straight sessionon Wednesday, buoyed by gains in Tata Consultancy Services Ltd after the company said it would buy back stock, while robust monthly industrial growth data lifted sentiment.
Industrial output grew 4.9 percent in April from a year earlier, driven by a pick up in manufacturing, while annual retail inflation accelerated to a four-month high in May, underpinned by higher fuel prices and a depreciating rupee, government data showedon Tuesday.
The broader NSE Nifty ended 0.13 percent higher at 10,856.70, while the benchmark BSE Sensex closed up 0.13 percent at 35,739.16. Both indexes marked their highest closing levels sinceFeb. 1.
Top software services exporter Tata Consultancy Services closed up 2.4 percent after the company said it would consider a share buyback proposalon Friday.