Samvat 2072 comes to a close, Sensex ticks up 26 pts

\ Mumbai, Oct 28 (PTI) Samvat year 2072 drew to a close on a\positive note as the Sensex today closed higher by 26 points,\aided by a rebound in Tata group stocks on value-buying and\signs of earnings revival.\ The benchmark has risen 2,198.25 points, or 8.53 per\cent, from the previous Hindu Samvat year while the broader\NSE Nifty surged 854.65 points, or 10.98 per cent, during this\period.\ For the week though, the Sensex dropped 135.67 points, or\0.48 per cent, while the Nifty lost 55.05 points, or 0.63\per cent.\ The day marked the beginning of the November series of\derivative contracts. The inflows into derivatives in the last\few days has pushed rollovers higher.\ The Sensex settled at 27,941.51, up 25.61 points, or 0.09\per cent. It had gained 79 points yesterday.\ The Nifty edged up 22.75 points, or 0.26 per cent, to end\at 8,638.\ \\"The auspicious festival season followed by value-buying\in Tata group stocks persuaded the market to make a small\comeback after a slew of corrections,\\" said Vinod Nair, Head\of Research, Geojit BNP Paribas Financial Services.\ After all the turbulence, select Tata group shares came\back to the green on value-buying. Tata Motors, Tata Steel and\Tata Global Beverages and Tata Chemicals recovered by up to\2.68 per cent.\ Bajaj Auto too spurted by 3.35 per cent after the company\today reported 7.2 per cent rise in consolidated net profit at\Rs 1,200.72 crore for the second quarter to September.\ Software exporter Tech Mahindra climbed 5 per cent even\after the company reported a 16.93 per cent dip in September\quarter net income.\ As many as 17 scrips out of the 30-share Sensex ended\higher while 12 finished lower. Power Grid ended flat.\ In the range-bound trade today that showed a positive\bias, buying was seen across the board as most BSE sectoral\indices closed with gains up to 2.09 per cent.\ Auto, realty, metal, banking and healthcare counters took\the lead. Investors chased second-line stocks too.\ Meanwhile, provisional data showed foreign portfolio\investors (FPIs) sold shares worth a net Rs 469.93 crore\yesterday.\ Asian stocks except Japan closed lower on increasing\expectations the Federal Reserve will lift interest rates by\this year end. Key indices from Hong Kong, Shanghai Composite\and Singapore finished lower between 0.26 per cent and 0.77\per cent.\ European stocks were trading in the negative terrain\in early trade on weak earnings reports. Key indices in London\and Frankfurt were down by up to 0.50 per cent while Paris CAC\was slightly higher.\ The BSE and NSE will conduct a special Muhurat trading\session on Sunday, October 30, from 1830 hours to 1930 hours.\ Both the exchanges will remain closed on Monday for Diwali\Balipratipada. MORE PTI SUN KPS DP SDG RSU RD\ARD\