Benchmarks trade with modest gains; IT shares rally
Mumbai, May 19 -- The key domestic indices traded with moderate gains in early morning trade supported by positive global cues. Investor confidence improved as tensions in West Asia showed signs of easing and Brent crude prices fell below $110 per barrel. Meanwhile, the rupee depreciated following another fuel price hike by the government. Nifty continued to trade above the 23,750 mark.
IT index jumped for three consecutive trading sessions.
At 10:25 IST, the barometer index, the S&P BSE Sensex advanced 323.43 points or 0.43% to 75,648.93 The Nifty 50 index added 93.75 points or 0.44% to 23,753.15.
The broader market outperformed the frontline indices. The BSE 150 MidCap Index rose 0.90% and the BSE 250 SmallCap Index jumped 1.04%.
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