Indices are bullish in the morning trade with IT and Pharma stocks outperforming again following global cues.
BSE Sensex is trading at 40,488.48 up 227.35 points or 0.56%.
Nifty50 is currently trading at 11,872.60 up 59.10 points or 0.5%. Nifty Bank is trading down 0.53% at 25,546.65 while Mid-cap Index is down by 0.01%.
Sun Pharma, Infosys, IndusInd Bank, Wipro and Britannia are the top gainers while UPL, Axis Bank, Hindalco, NTPC, ICICI Bank and Power Grid are the top losers.
Nifty IT stocks (above 2.5%) drive the morning trade while Pharma stocks are also bullish (1.5%). Nifty Banking and Financial Services are bearish with Realty stocks struggling the most again.
Out of 50 stocks traded on the NSE, 30 advanced and 20 declined.
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