Sensex Soars Over 400 Points; Financial, IT Stocks Lead Gains

Financial stocks such as Bajaj Finserv and Bajaj Finance rallied around 2 per cent, while information technology stocks such as Wipro, Infosys and Tech Mahindra gained 1-2 per cent each on BSE

The benchmark indices are trading near the highs of the day, up more than half a per cent, on the back of buying interest in select financial and information technology stocks. At 12:45 pm, the Sensex was trading at 50,973.53, higher by 332.12 points or 0.65 per cent and the Nifty was at 15,290.55, up 82.85 pointsb or 0.54 per cent. The BSE midcap and smallcap shares were trading with gains of 0.1 per cent and 0.6 per cent respectively. Financial stocks were in the limelight, with the Bajaj twins, Bajaj Finserv and Bajaj Finance rallying 2.7 per cent and 2.1 per cent respectively. Information technology stocks were also witnessing buying, with Wipro, Infosys and Tech Mahindra gaining 1-2 per cent each on the BSE. And Grasim Industries jumped 4 per cent after the Aditya Birla Group company reported a 13.3 per cent rise in consolidated net profit to Rs 2,616.64 crore for the fourth quarter ended March 31.