BSE Sensex index turns positive; LIC buying shares

MUMBAI (Reuters) - The BSE Sensex turned positive on Wednesday after earlier falling as much as 2.9 percent led by gains in software services exporters such as Tata Consultancy Services, while banks recovered from earlier falls on value buying.

Life Insurance Corporation was also spotted buying Indian shares on Wednesday, two dealers told Reuters.

Tata Consultancy Services Ltd gained 3.3 percent while HDFC Bank Ltd rose 0.1 percent after earlier falling as much as 5.9 percent.

The benchmark BSE Sensex was trading up more than 100 points while the broader Nifty rose over 20 points at 1504 IST.

(Reporting by Abhishek Vishnoi; Editing by Rafael Nam)