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After opening in a flat note and slipping at open, indices are back in the green thanks to smart gains in the PSU and Private banks.Markets have turned quite volatile in the early trades. After opening in a flat note and slipping at open, indices are back in the green thanks to smart gains in the PSU and Private banks.
the BSE Sensex was trading at 34,857, up 86 points, while the broader Nifty50 index was ruling at 10,711, up 10 points.
Shares of IT companies extended their gains from the previous session as the Nifty IT index rose 1.7% in early trade, led by chart-topping gains in shares of Infosys and Tata Consultancy Services.
Shares of Sun Pharmaceutical Industries rose over 1% as the company said it has settled a US patent infringement case involving its generic version of anti-constipation drug Linzess.
GAIL India's stock was up over 1% as the company and Russia's Gazprom have renegotiated their long-term 2.5-mtpa liquefied natural gas supply pact.
However, gains were capped by an extended decline in shares of state-owned lenders as the Nifty PSU Bank index, down 0.4%, was the worst performing sectoral index.
Metal stocks also continued to be weak with the Nifty Metal index paring 0.3% in early trade.
Metal stocks also continued to be weak with the Nifty Metal index paring 0.3% in early trade.
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