Equities in the green, IT stocks in focus

Equity benchmark indices were in the green during early hours on Wednesday with Nifty IT surging by 2.4 per cent.

At 10:15 am, the BSE SandP Sensex was up by 175 points or 0.35 per cent at 49,574 while the Nifty 50 surged by 58 points or 0.4 per cent to 14,579.

Except for Nifty FMCG and financial service, all sectoral indices at the National Stock Exchange were in the positive zone with Nifty IT advancing by 2.4 per cent, auto by 0.9 per cent and pharma by 0.5 per cent.

Among stocks, Wipro was up by 3.1 per cent to Rs 443.60 per share while Tech Mahindra gained by 2.7 per cent, HCL Technologies by 2.2 per cent, Infosys by 2 per cent and Tata Consultancy Services by 1.7 per cent.

Tata Motors accelerated by 3.9 per cent to Rs 268.90 per share.

HDFC Life, Eicher Motors and Hero MotoCorp too traded with a positive bias.

However, Grasim, NTPC, GAIL, UPL, Hindalco, IndusInd Bank and ITC were in losses.