Stock market update: IT shares advance; Tata Elxsi climbs 5%

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NEW DELHI: IT shares were trading higher in Tuesday’s morning session.

Shares of Tata Elxsi (up 4.77 per cent), NIIT Technologies (up 2.68 per cent), Infosys (up 1.57 per cent), HCL Technologies (up 0.97 per cent), Wipro (up 0.93 per cent), Just Dial (up 0.85 per cent), Tech Mahindra (up 0.75 per cent) and Mindtree (up 0.03 per cent) were among the top gainers.

The Nifty IT index was trading 0.85 per cent up at 16196.7 around 10:00 am.

Benchmark NSE Nifty50 index was up 137.40 points at 11845.3 , while the BSE Sensex was up 474.55 points at 40346.86 .

Among the 50 stocks in the Nifty index, 42 were trading in the green, while 8 were in the red.

Shares of YES Bank, Vodafone Idea, Manappuram Fin, Tata Motors, SBI, PNB, ITC, SAIL and Bank of Baroda were among the most traded shares on the NSE.