Equity indices in the green, IT and auto stocks spurt
Mumbai, Maharashtra: Equity benchmark indices gained over half a percent during early hours on Wednesday in line with their Asian peers. At 10:15 am, the BSE S&P Sensex was up by 310 points or 0.61 percent at 51,335 while the Nifty 50 edged higher by 82 points or 0.55 percent to 15,181.
All sectoral indices at the National Stock Exchange were in the green zone with Nifty IT up by 1.4 percent, auto by 1.3 percent, and realty by 1.2 percent.
Among stocks, Wipro edged higher by 1.8 percent to Rs 426.80 per share, and HCL Technologies gained by 1.5 percent. Infosys and Tech Mahindra were up by 1.5 percent and 1.3 percent respectively.
Eicher Motors ticked up by 3.3 percent to Rs 2,678 per share while Mahindra & Mahindra moved up by 2.1 percent and Bajaj Auto by 1.3 percent. The other prominent gainers were IndusInd Bank, Bajaj Finance, and JSW Steel.
However, ONGC dropped by 1.6 percent to Rs 114.85 per share while GAIL and IndianOil Corporation slipped by 0.4 percent each. SBI Life, HDFC Life, Kotak Mahindra Bank, and Bharti Airtel also traded with a negative bias.
Meanwhile, Asian stocks bounced back from a two-month low after bond yields eased following a well-received auction. MSCI's ex-Japan Asia Pacific shares index rose by 0.4 percent, a day after it hit a two-month low. Japan's Nikkei was little changed.
