Sensex climbs 250 pts, Nifty above 21,700; IT bluechips in focus ahead of earnings
The BSE Sensex was trading 284 points or 0.40% higher at 71,942. Nifty50 was trading at 21,706 up 88 points or 0.41% at around 9.24 am.
From the Sensex pack, Axis Bank, Bajaj Finserv, Reliance Industries, Bajaj Finance, and NTPC opened in the green, while only Infosys, HCL Tech, and Wipro opened in the red.
In today's trade, IT stocks will be in focus as market leaders TCS and Infosys are due to report quarterly results post-market hours, kicking off the earnings season in earnest.
Among individual stocks, Polycab India opened with a 10% lower circuit amid reports that the Income Tax department found unaccounted cash sales of Rs 1,000 crore.
On the sectoral front, Nifty Consumer Durables rose 1.15%, and Nifty Auto surged 0.63%.
Whereas Nifty IT and Realty opened in the red. In the broader market, Nifty Midcap100 rose 0.45%, while Nifty Smallcap100 gained 0.4%.
MORE TO COME...
