News Hour: Tata Motors, Bharti Airtel lift Sensex by 56 pts

Reversing early losses, the BSE benchmark Sensex today bounced back to close over 56 points up helped by 5 per cent rise in Tata MotorsBSE 4.89 %shares on hopes of robust October sales and over 4 per cent rise in Bharti AirtelBSE 4.41 % ahead of a key meeting to consider spectrum refarming issue. 
The Sensex, which had gained 74.53 points in yesterday's trade, opened weak and was down over 60 points weighed down by Reliance IndustriesBSE 0.22 %, HULBSE -1.84 %, ITCBSE -1.26 % and InfosysBSE -0.03 % in initial trades. 
The sentiment reversed as reports of auto sales numbers started filtering in. Bajaj AutoBSE 1.71 %, M&M and Maruti BSE 1.32 % rose 1.3-1.7 per cent range and Tata Motors, which posted numbers after markets closed for the day, shot up by 4.89 per cent. 
Shares of telecom major Bharti Airtel rose over 4.41 per cent on hopes of some easing as Empowered Group of Ministers (EGoM) today consider the recommendations of Telecom Commission on spectrum refarming, said dealers. 
The 30-share Sensex finally closed with again of 56.32 points or 0.30 per cent, at 18,561.70. On the similar lines, the wide-based NSE index Nifty ended 25.35 points higher at 5,645.05 after touching a low of 5,601.95 in early trade. 
Shares of Wipro BSE 3.02 %, which rose 7 per cent in early trade after the company announced separation on non-IT business, pared gains to close 3.02 per cent higher. 
RIL BSE 0.22 % shares also ended marginally positive, shrugging off weak initial sentiment. 
Besides, a firming trend in the Asian region and a higher opening in the European market, also helped the late recovery on the domestic boures, brokers said. 
The BSE consumer durables sector index gained the most today by rising 5.57 per cent as stocks of Titan IndustriesBSE 9.83 % rallied by a whopping 9.83 per cent on the back of company's strong performance in the second quarter. 

(source: economictimes.indiatimes.com)