Sensex up; Tata Motors gains

Last Updated: Wed, Jan 09, 2013 05:32 hrs

The BSE index is up 0.22 percent while the NSE index is higher 0.12 percent.

Gains were in line with Asian shares that rose on Wednesday after rounds of profit taking from a sharp rally at the start of the new year subsided.

Tata Motors Ltd shares are up 3.1 percent after hitting a record high, after Credit Suisse and CLSA upgraded their ratings on the stock, citing expectations for improving sales.

Larsen & Toubro gains 0.7 percent after falling 5 percent in the previous four sessions on concerns over order cancellations and weak investment cycle.

Oil marketing companies gain on hopes of diesel price hikes. Hindustan Petroleum Corp is up 2.15 percent while Bharat Petroleum Corp rises 1.5 percent.

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