BENGALURU, Jan 13 (Reuters) - Indian shares eked out gains
in a choppy session on Thursday as a jump in metal and energy
stocks helped offset losses in IT major Wipro and private sector
The blue-chip NSE Nifty 50 index closed up 0.25% at
18,257.80 and the benchmark S&P BSE Sensex ended 0.14%
higher at 61,235.30.
Both indexes have clocked gains for five straight sessions
and are up more than 5% this year.
"We had a good run in the lead up to IT results, and
investors are now reviewing things; as more earnings come in,
moves are going to be reactionary instead of (being) proactive,"
said Anand James, chief market strategist at Geojit Financial
The Nifty metal index gained a second straight
day, adding 3.5%, on the back of firm commodity prices in the
Shares in Tata Steel and JSW Steel rose
6.5% and 4.7%, respectively, and were the top gainers on the
Nifty 50 index.
The Nifty energy index extended gains for a
fifth session, closing 1.2% higher.
Tech giants Infosys and Tata Consultancy Services
closed up around 1% each, a day after Infosys lifted
its full-year revenue outlook and TCS reported a 12.3% rise in
However, rival IT firm Wipro lost 6%, the most on
the Nifty, after posting a near-flat net profit.
Private sector lenders HDFC Bank and Kotak
Mahindra Bank slipped more than 1% each and were among
the top losers on the blue-chip index.
Tata Motors settled up 1% after falling as much as
1.6% earlier in the session, while Nazara Technologies
closed up 3% after it said its unit will buy retailer Superhero
Meanwhile, India recorded 247,417 new COVID-19 cases, the
most since late May.
(Reporting by Chandini Monnappa in Bengaluru; editing by
Uttaresh.V and Ramakrishnan M.)