Sensex, Nifty edge up; IT stocks gain

Reuters Market Eye - The BSE Sensex is higher 0.2 percent, while the Nifty is 0.23 percent higher, helped by gains in technology shares. The NSE IT index is up 1.7 percent after Tata Consultancy Services Ltd , India's biggest software services exporter, posted a better-than-expected profit for the April-June quarter.

TCS shares are up 3.2 percent, while Wirpo Ltd gains 2.4 percent.

Among other blue-chips, ICICI Bank is up 1.3 percent and Hero MotoCorp rises 1.5 percent.

However, gains were limited as global markets remained under pressure after the downing of a Malaysian airliner at the Ukraine-Russia border, new sanctions on Moscow and unrest in Gaza sent investors scurrying into defensive assets.

 

(Reporting by Indulal PM)