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Equity indices trade in green, IT stocks surge

Equity indices trade in green, IT stocks surge

Mumbai: After three consecutive days of losses, the key Indian equity indices traded in green during the mid-afternoon session on Wednesday riding on broadly positive Asian markets and a surge in IT stocks.

Around 1.20 p.m., the wider Nifty50 of the National Stock Exchange (NSE) traded higher by 9.25 points or 0.09 per cent at 10,369.65 points.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 33,813.83 points, traded at 33,755.41 points — up 51.82 points or 0.15 per cent — from its previous session’s close.

The Sensex has so far touched a high of 33,911.36 points and a low of 33,702.50 points during the intra-day trade.

However, the BSE market breadth was bearish with 1,587 declines and 974 advances.

On Tuesday, the benchmark indices closed lower as weak global cues, coupled with a declining rupee and prolonged outflow of foreign funds, dented investors’ sentiments.

The NSE Nifty50 fell by 18 points or 0.17 per cent to close at 10,360.40 points, while the Sensex closed at 33,703.59 points — down 71.07 points or 0.21 per cent.

IANS