Share market update: IT shares gain; L&T Infotech rises 2%

NEW DELHI: IT shares were trading in the green zone on Wednesday's morning session.

Shares of Info Edge (India) (up 5.85 per cent), MPhasis (up 3.09 per cent), Larsen & Toubro Infotech (up 2.4 per cent), Mindtree (up 1.51 per cent) and Tata Consultancy (up 1.08 per cent) were among the top gainers.

The Nifty IT index was trading 1.01 per cent up at 17988.0 around 10:50AM.

Benchmark NSE Nifty50 index was up 89.10 points at 11184.35, while the BSE Sensex was up 291.26 points at 37979.17.

Among the 50 stocks in the Nifty index, 41 were trading in the green, while 8 were in the red.

Shares of YES Bank, Vodafone Idea, SBI, Federal Bank and Tata Motors were among the most traded shares on the NSE.