Sensex Up, IT Down: 5 Reasons Why Markets Are Trading Higher

Banking, pharma and metal stocks support markets as value buying returns, volatility eases and IT remains under pressure

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Sensex Up, IT Down: 5 Reasons Why Markets Are Trading Higher
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Indian benchmark indices opened higher on Wednesday, supported by broad-based buying across sectors, with banking, metal, pharma and PSU stocks lending support, while weakness in information technology shares capped sharper gains.

At the opening bell, the BSE Sensex rose 453.05 points or 0.6% to 75,062.03, while the NSE Nifty50 advanced 163.60 points or 0.69% to 23,576.20.

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