The markets in India added to their early gains in today's(12th February 2021) late morning deals, with IT stocks and private banks doing the majority of the lifting.
The S&P BSE Sensex traded 200 points up at 51,720, and the broader Nifty50 index topped 15,200. ITC fell 3 percent after announcing its December quarter results and was the top Sensex laggard. On the other hand, IT stocks, including Infosys, HCL Tech, and Tech Mahindra ticked up 1 percent, each.
The trend among Nifty sectoral indices was mixed, with the Nifty IT index, up 1.1 percent, leading the gainers.
In the broader markets, the S&P BSE MidCap index fell 0.3 percent while the SmallCap index rose 0.2 percent.
Nine hundred and fifty-three companies, including Grasim Industries, Bharat Forge, Glenmark Pharmaceuticals, Apollo Hospitals, and Mazagon Dock Shipbuilders, are set to announce their quarterly earnings today.