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Nifty gains over 1%.

Markets have gained to move up the indices higher. Stocks from the IT sector have helped the markets gain further.

At 9:56 AM, the Nifty is at 5099, up by 54 pts or 1%.

The CNX IT index has moved up by 1.4%. The bigwig, Infy has seen a rise of 1.6%. Wipro has however shot by over 2%. TCS is also up close to 1%. HCL Tech has moved up by 2.6%.

Reliance Capital has shown a gain of 2.3%. JPAssociates is also up by 2.4%. Punj lloyd is up by 2.2%. L&T has moved up by 1%.

Power counters have also shown significant gains. Suzlon is up by 0.8%. Powergrid is up by 1.2%. NTPC is up by 0.6%.

Metals continue to shine in today’s trade also. Hindalco has amassed 1.8% gains. Tata steel is up by 1.2%. Sterlite is up by 0.9%, while SAIL is also up by 1%.

Coal India is however trading in the red with 1.3% cuts. Bharti, from the telecom space is also down by 1.4%. Idea cellular is down by 1.2%.



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