Sensex recovers early losses, IT stocks surge
Led by a fresh surge in IT shares, the benchmark Sensex recovered early losses and traded in the green at 1015 hours today amid mixed Asian cues.business Updated: Nov 18, 2009 11:14 IST
Led by a fresh surge in IT shares, the benchmark Sensex recovered early losses and traded in the green at 1015 hours on Wednesday amid mixed Asian cues.
The Bombay Stock Exchange 30-share barometer was quoted marginally higher by 18.33 points or 0.11 per cent at 17,068.98 at 1015 hours over its previous close.
The broader 50-share Nifty of the National Stock Exchange also edged up by 6.45 points or 0.13 per cent to 5,068.70 at 1015 hours.
Key IT shares such as Infosys Technologies, TCS Ltd and Wipro rallied smartly on fresh buying support from investors.
Brokers said India's largest private sector firm Reliance Industries is expected to witness brisk activity during the day after the company in its AGM yesterday indicated a possible overseas acquisition in the near future.
They said the market is still bullish on the back of sustained capital inflow into equity.