India’s benchmark index, Sensex, on Tuesday, ended on a positive note amidst choppiness.

Sensex was up 44.54 points at 16,783.87, whereas the broad-based NSE Nifty zoomed 12.70 points to close at 5,049.70.

IT sector underperformed because of weak results from Tata Consultancy Services (TCS). Buying was visible in stocks including DLF, Unitech, Ansal Infrastructures and GMR Infrastructures.

Stock market analyst, Vishwas Agarwal stated that as expected profit booking was witnessed in the frontline stocks mainly due to sharp rise in prices of these blue chip companies.

Mr. Vishwas thinks that if the stock market goes southward in the coming days then that would generate plentiful trading opportunities.

Vishwas said that for BSE 16786 is an important level with a downside target of 16,555- 16,350 and an upside of 17,150- 17,350.

Stocks to be watched on Wednesday include Tata Teleservices Maharashtra, Ankur Drugs, Ranbaxy, Glenmark Pharma, Unitech and Ansal Infrastructures.