Equity indices gain on positive global cues, pharma and auto stocks up

Equity benchmark indices gained about half a per cent during early hours on Tuesday amid positive global cues with pharma and auto stocks gaining ground. At 10:15 am, the BSE SandP Sensex was up by 276 points or 0.56 per cent at 49,435 while the Nifty 50 edged higher by 98 points or 0.67 per cent to 14,736. All sectoral indices at the National Stock Exchange were in the green zone with Nifty metal and pharma up by 1.2 per cent each, auto by 0.9 per cent and realty by 0.8 per cent. Among stocks, JSW Steel was up by 3 per cent to Rs 533 per share. Auto majors Mahindra and Mahindra and Tata Motors gained by 2 per cent each while pharma giants Cipla, Dr Reddy's and Sun Pharma ticked up by 1.5 per cent.