Closing Bell: Equities gain on firm global cues, Nifty IT up 3.6%

Equity benchmark indices traded firm on October 05 in line with Asian markets on hopes that US President Donald Trump could soon be discharged from hospital after responding well to COVID-19 treatment.

The BSE SandP Sensex closed 277 points or 0.71 per cent higher at 38,974 while the Nifty 50 gained by 86 points or 0.76 per cent at 11,503.

Except for Nifty PSU Bank, all sectoral indices at the National Stock Exchange were in the green with Nifty IT moving up by 3.6 per cent, metal by 2.6 per cent and pharma by 2 per cent.

Among stocks, Tata Consultancy Services jumped by 7.5 per cent to Rs 2,713.95 per share, Wipro by 7 per cent, Infosys by 2.9 per cent and Tech Mahindra by 2.7 per cent.