Benchmark indices Sensex and Nifty were trading in the green (up to 1.1% higher) on October 15 due to various reasons, including buying in IT shares.
At 10:15 am, the Sensex was up 1,012.86 points or 1.39% at 73,794.75, and the Nifty was up 292.35 points or 1.29% at 22,915.05. About 1,570 shares advanced, 1,836 shares declined, and 201 shares were unchanged. Twelve of the 16 major sectors logged gains. The broader small-caps fell 0.6% and mid-caps rose 0.3%.
IT index gained 2.4%, taking the index's three-session rise to about 8.3%. Infosys, TCS and HCLTech added 3% each.
"The strength in the IT stocks following the results of HCLTech and the optimism surrounding that will hold the IT index strong," said VK Vijayakumar, chief investment strategist at Geojit Investments.
Tech Mahindra and Wipro added 3.5% and 1.7%, respectively, ahead of their quarterly results due later in the day.