Opening bell: Equity gauges jump over 1 pc led by gains in IT stocks

Equity benchmark indices clocked smart gains during early hours on Thursday following a rally in IT stocks amid positive global cues.

At 10:15 am, the BSE SandP Sensex was up by 453 points or 1.13 per cent at 40,331 while the Nifty 50 gained by 126 points or 1.08 per cent at 11,865.

All sectoral indices at the National Stock Exchange were in the green with Nifty IT up by 4 per cent, PSU bank by 1.7 per cent, private bank by 1.4 per cent and realty by 1.2 per cent.

Among stocks, Tata Consultancy Services rose by 4.46 per cent to Rs 2,858.10 per share after reporting 6.6 per cent sequential growth to Rs 7,475 crore in the July to September quarter.

It also decided to buy back up to 2.2 billion dollars in shares.