Equity indices on upswing, metal and auto stocks gain

Equity benchmark indices traded higher during early hours on Wednesday as investors hoped for elevated spending on infrastructure in the upcoming Union Budget to boost consumer demand and investments. At 10:15 am, the BSE SandP Sensex was up by 308 points to 41,275 while the Nifty 50 edged higher by 91 points at 12,147. All sectoral indices at the National Stock Exchange were in the positive terrain with Nifty metal gaining by 1.4 per cent, auto by 1 per cent and FMCG by 0.8 per cent.