Indian equities continued to rise in early trade for the second day on Tuesday tracking positive global cues. Auto, IT and power stocks witnessed buying interest while banking and financial stocks were in red.
BSE Midcap and Smallcap index gained 0.87% and 0.91% respectively.
At 11.31 a.m., the Sensex was trading up 173.98 points or 0.35% at 50,023.82 with 18 components gaining. Meanwhile, the Nifty was trading higher by 72.70 points or 0.19% at 14,789.45 with 29 components gaining.
ITC contributed rise of 64.72 points in the Sensex. It was followed by Infosys (63.2 points), Mahindra & Mahindra (39.67 points), Tata Consultancy Services (23.58 points) and NTPC (17.44 points).
However, Housing Development Finance Corporation contributed fall of 73.37 points in the Sensex. It was followed by Oil & Natural Gas Corporation (51.63 points), ICICI Bank (22.58 points), State Bank Of India (11.96 points) and Larsen & Toubro (3.91 points).
Biggest gainers in the 30-share index were Mahindra & Mahindra (3.11%), Tech Mahindra (2.20%), NTPC (1.89%), Infosys (1.84%), Bajaj Auto (1.31%), and ITC (1.21%).
On the other hand, Oil & Natural Gas Corporation (2.35%), Housing Development Finance Corporation (1.89%), Power Grid Corporation Of India (1.03%), Kotak Mahindra Bank (0.99%), State Bank Of India (0.63%), and ICICI Bank (0.57%) were the biggest losers in the Sensex.
Market breadth was negative with 1,593 advances against 1,103 declines.