Sensex, Nifty gain; Infosys surges 5 percent

REUTERS - The BSE Sensex and Nifty are trading up 0.4 percent each. Defensive sectors such as healthcare and technology leading the gains, with Infosys Ltd gaining 5.45 percent on value buying. The BSE IT index is up 2.97 percent.

Wipro Ltd up 2.2 percent, while Tata Consultancy Services Ltd gains 1.3 percent.

Among drugmakers, Cipla Ltd gains 1.4 percent, while Dr. Reddy's Laboratories Ltd is up 1.02 percent.

However, shares of L&T Finance Holdings Ltd fall as much as 5.3 percent after the company set a floor price at a discount of 9.7 percent to its Tuesday's close.