IT stocks lead recovery in markets

Recovery in the IT stocks have made the Sensex erase its partial losses. Infosys, TCS and Wipro have contributed around 60 points to the index. The BSE benchmark index is now at 17,817, down 35 points. The NSE Nifty is 5,324, down 15 points.

Among the Sensex-30 scrips, Hero Honda has dropped 3.5% to Rs 2,014. The other prominent losers are Sterlite Industries, Reliance Communications, Mahindra & Mahindra, Tata Motors and ICICI Bank are down over 1.5% each.

IT stocks like Wipro, TCS and Infosys are up 2% each at Rs 717, Rs 812 and Rs 2,733, respectively.

Bharti Airtel, BHEL, DLF and Jaiprakash Associates are up 0.5% each at Rs 311, Rs 2,544, Rs 335 and Rs 151, respectively.

The market breadth is faily positive, out of 2,648 shares traded, 1,361 have advanced and 1,205 have declined so far on the BSE.

Among the sectoral indices, IT index has added 2% at 5,434.

On the other hand, auto, bankex and oil & gas indices are down above 0.5% each. Escorts, Mahindra & Mahindra and Tata Motors are down 1.5% each on the auto index.