Opening Bell: Equity indices subdued but IT, metal stocks gain

Equity benchmark indices were flat during early hours on Tuesday with IT and metal stocks gaining some ground.

At 10:15 am, the BSE S and P Sensex was up by 62 points or 0.16 per cent at 38,044 while the Nifty 50 gained by 24 points or 0.21 per cent at 11,251.

Sectoral indices at the National Stock Exchange were mixed with Nifty IT moving up by 1.7 per cent, metal by 0.8 per cent and auto by 0.6 per cent.

But Nifty PSU bank dipped by 1.7 per cent and private bank by 1.1 per cent.

Among stocks, Tata Consultancy Services advanced by 2.7 per cent to Rs 2,492.25 per share, Wipro by 1.7 per cent and Infosys by 1.2 per cent.