Sensex, Nifty trim morning losses; IT stocks surge

Epic Update  Wipro

Benchmark indices trimmed some of its losses from the morning session, with the Nifty advancing towards 9500-mark.

The Sensex was down 104.33 points at 30554.44, while the Nifty was down 52.50 points at 9473.25. The market breadth was negative, but was also seen narrowing, as 684 shares advanced against a decline of 1,730 shares, while 137 shares were unchanged.

IT stocks Wipro and TCS were the top gainers, while BHEL, Larsen and Toubro, Hindalco and Bharti Infratel lost the most.

The Nifty IT index soared over 2 percent on the back of a rally in tech stocks.

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