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Mid-Session: Sensex gains 770 points; Nifty IT reverses 4-day losing run as TCS lead

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The Sensex and Nifty50 traded higher, supported by gains in IT stocks and easing crude oil prices in the Asian session.

At 12:40 hours, the 30-share benchmark index was trading at 72363.44 up by 770.2 points or by 1.08 % and then NSE Nifty was at 22467.35 up by 235.55 points or by 1.06 %.

Sensex touched intraday high of 72502.92 and intraday low of 71739.49 The NSE Nifty touched intraday high of 22534.4 and intraday low of 22294.75

The top gainers of the BSE Sensex pack were ITC Ltd. (Rs. 265.50,+4.51%), Tata Consultancy Services Ltd. (Rs. 2154.00,+3.79%), Adani Ports & Special Economic Zone Ltd. (Rs. 1749.40,+2.74%), Infosys Ltd. (Rs. 1015.35,+2.13%), Power Grid Corporation of India Ltd. (Rs. 250.25,+1.98%), among others.

The top losers of the BSE Sensex pack were Eternal Ltd. (Rs. 321.20,-0.56%), Reliance Industries Ltd. (Rs. 1173.25,-0.34%), ICICI Bank Ltd. (Rs. 1349.80,-0.31%), among others.

IT index was at 27203.29 up by 571.62 points or by 2.15%. R Systems International Ltd. (Rs. 277.20,+14.00%), Allied Digital Services Ltd. (Rs. 110.15,+11.77%), Black Box Ltd. (Rs. 914.05,+6.73%), InfoBeans Technologies Ltd. (Rs. 154.30,+5.94%), Innovana Thinklabs Ltd. (Rs. 297.55,+5.07%),.

Oil&Gas index was at 24126.59 down by 25.63 points or by 0.11%. Hindustan Petroleum Corporation Ltd. (Rs. 324.10,-1.25%), Bharat Petroleum Corporation Ltd. (Rs. 284.45,-0.78%), Reliance Industries Ltd. (Rs. 1173.25,-0.34%), GAIL (India) Ltd. (Rs. 166.60,-0.06%), Oil India Ltd. (Rs. 443.20,-0.05%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 4540 , shares advanced were 2306 while 1997 shares declined and 237 were unchanged.