BSE Sensex flat; blue chips gain while IT stocks drag

Mumbai: The BSE Sensex is up 0.05 per cent, while the broader Nifty is 0.07 per cent higher, tracking gains in other Asian shares. Asian share markets were mostly in the black on Wednesday after China reported economic growth a touch above forecasts, a relief for investors who had feared a much weaker outcome.

Among blue chips, Reliance Industries gains 0.8 per cent, while ITC is up 0.7 per cent. Indusind Bank gains 1.6 percent ahead of its quarterly earnings later in the day. IT shares slump ahead of Tata Consultancy Services earnings later in the day. Infosys is down 2.5 per cent, while TCS falls 1.7 per cent.