Equity gauges up on firm global cues, Hindalco top gainer

Equity benchmark indices were in the green during early hours on March 18 tracking strong global cues after the US Federal Reserve projected a rapid jump in economic growth this year.

At 10:15 am, the BSE S-P Sensex was up by 299 points or 0.6 per cent at 50,100 while the Nifty 50 edged higher by 95 points or 0.64 per cent to 14,816.

Except for Nifty IT which dipped marginally, all other sectoral indices at the National Stock Exchange were in the positive zone.

Nifty metal rose by 1.8 per cent while Nifty PSU bank was up by 1.7 per cent.

Among stocks, Hindalco was up by 3 per cent to Rs 336.20 per share while Tata Steel rose by 2.3 per cent.