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BSE Sensex edges up; HDFC, Bajaj Auto gain

Source : REUTERS
Last Updated: Tue, Sep 24, 2013 09:24 hrs
A trader works at a stock brokerage in the western Indian city of Ahmedabad

The BSE Sensex edged up on Tuesday, reversing a two-day losing streak, led by gains in rate-sensitive stocks. The Nifty found support around its 200-day moving average at 5,841, on value buying.

The BSE Semsex is up 0.37 percent while the Nifty index is up 0.35 percent, led by gains in rate-sensitive shares.

Among lenders, Housing Development Finance Corporation Ltd is up 1.9 percent while ICICI Bank Ltd gains 0.2 percent.

Among auto shares, Bajaj Auto Ltd is up 3 percent while Maruti Suzuki India Ltd gains 1.6 percent.

However, State Bank of India, the country's largest lender, falls 1 percent after ratings agency Moody's downgraded its outlook on the bank's financial strength rating to 'negative' from 'stable'

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