BSE Sensex rises, recent underperformers gain

Reuters Market Eye - The BSE Sensex and the Nifty gain 0.4 percent, recovering after four-sessions of losses. Asian shares inched higher, supported by a pick-up in China's manufacturing sector and a commitment by the U.S. Federal Reserve to maintain an accommodative monetary stance.

Recent under-performers gain, with ICICI Bank up 4.7 percent after falling 9.8 percent in the previous four sessions.

State Bank of India rises 0.34 percent, while Bharti Airtel Ltd is up over 7.2 percent .

Technology shares also gain on value-buying: Tata Consultancy Services Ltd is up 0.4 percent while Infosys Ltd rises 0.7 percent at 1:36 p.m.

However, the broader sentiment in the market remains weak on worries the government will be forced to call early elections or see its reform agenda weakened after a key ally withdrew from the ruling coalition this week.

 

(Reporting by Manoj Dharra)