Equity indices gain marginally, auto and IT stocks shine

Equity indices gain marginally, auto and IT stocks shine

Equity benchmark indices advanced marginally during early hours on July 28 amid positive global cues with auto and metal stocks witnessing gains.

At 10:15 am, the BSE SandP Sensex was up by 132 points or 0.35 per cent at 38,067 while the Nifty 50 gained 49 points or 0.44 per cent at 11,181.

All sectoral indices at the National Stock Exchange were in the green with Nifty auto up by 1.9 per cent, IT by 1.2 per cent and metal by 1 per cent.

Among stocks, Tech Mahindra surged 3.2 per cent to Rs 686.25 per share after the company's consolidated net profit increased by 21 per cent sequentially to Rs 972 crore in the June quarter.

Tata Motors accelerated by 3.4 per cent to Rs 105.15 per share while Mahindra and Mahindra gained by 2.9 per cent, Hero MotoCorp by 2.2 per cent, Maruti by 1.8 per cent and Bajaj Auto by 1.7 per cent.

The other major gainers were Adani Ports, Hindalco, Tata Consultancy Services and IndusInd Bank.