India's largest software exporter TCS's robust June quarter earnings revived dampened investor sentiment and drove the BSE benchmark Sensex up 46 points on Friday.
     
Below expected results by Infosys and HDFC had pulled down the market by 75 points in the previous two days. However, TCS's over 24 percent growth in profit for Q1 brought back optimism that India Inc will come out with promising earning numbers.   

The improved sentiment helped the Bombay Stock Exchange 30-share index close at 17,955.82, up 46.36 points, or 0.26 per cent.
     
The session was choppy and the barometer fluctuated between a low of 17,980.27 points and a high of 17,892.16.
     
During the week, the Sensex rose by another 0.68 per cent. This is the second consecutive week of gains for the benchmark index.
     
Similarly, the National Stock Exchange's 50-share Nifty Index gained 0.28 per cent to finish at 5,393.90 points.
     
The jump in TCS was infectious and other IT stocks, too, posted smart gains, pushing the BSE IT index about 100 points higher to 5,459. Infosys rose 0.70 per cent and Wipro 0.06 per cent.
     
"Strong results of TCS are proof of demand momentum for Indian techs and should soothe concerns after the street's disappointment with Infy’s performance on account of heightened expectations," Emkay Global Financial Services said in a note.
     
Tata Motors advanced 2.65 per cent after the auto major said its global sales rose 46 per cent in June on robust demand for both commercial and passenger vehicles.
     
However, a drop in oil & gas, metals and some leading financial stocks capped the recovery.
     
Reliance Industries Ltd, which holds the maximum weight in the Sensex, slipped 0.93 per cent to 1,062.95. HDFC Bank lost 1.24 per cent and HDFC 0.86 per cent.
     
M&M sank 2.06 per cent, the most in the Sensex. The auto major's board will hold a special meeting on July 28 to decide a future course of action for acquisition of South Korean firm SsangYong Motor, sources said.
     
In the BSE-30, 17 stocks ended with gains, while 13 closed in the red.
     
On the global front, Asian bourses settled lower. Europe was trading in the green at mid-session.