Sensex edges higher; Tata Motors, IT stocks gain

The BSE Sensex rose on Tuesday as Tata Motors rallied after its quarterly earnings surged on strong results at its Jaguar Land Rover unit, while software services providers rose after an industry body predicted exports would improve.

Tata Motors rose 2.8 per cent after saying its October-December net profit tripled on strong demand for its luxury Jaguar Land Rover vehicles.

Software services exporters gained, with HCL Technologies surging 4.4 per cent after industry body Nasscom said exports from the sector would grow 13-15 per cent in the fiscal year starting in April, up from 13 per cent in fiscal 2013/14.

Among the losers, RIL fell 2 per cent after Delhi Chief Minister Arvind Kejriwal said legal cases will be filed against its promoter Mukesh Ambani, Union Oil Minister Veerappa Moily and other policy-makers for colluding to inflate the prices of gas produced from the D6 block off the eastern coast

The benchmark BSE Sensex provisionally rose 0.14 per cent, while the broader Nifty ended 0.16 per cent higher.