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Equity indices off day s low; IT stocks under pressure

Domestic indices were trading with modest gains in early afternoon trade. At 12:23 IST, the barometer index, the S&P BSE Sensex, was up 282.65 points or 0.61% at 46,726.64. The Nifty 50 index rose 87.1points or 0.64% at 13,688.15. In broader market, the S&P BSE Mid-Cap index was up 0.3% while the S&P BSE Small-Cap index added 0.59%. The market breadth was positive. On the BSE, 1579 shares rose and 1152shares fell. A total of 154 shares were unchanged. Derivatives: The NSE s India VIX, a gauge of market s expectation of volatility over the near term, fell 0.73% to 20.345. The Nifty December 2020 futures were trading at 13,685, at a premium of 12.05 points compared with the spot at 13,672.95.

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