While the rally does not appear to be as bullish as it was yesterday, a sharp decline in IT stocks is said to be one of the major reasons. The 30-share BSE Sensex advanced 68.49 points to 83,816.96 in early trade. Whereas, the 50-share NSE Nifty also went up by 51.90 points to 25,779.45, as per PTI. 

From the Sensex firms, Mahindra & Mahindra, Power Grid, Reliance Industries, NTPC, ICICI Bank and ITC were among the biggest gainers. Whereas Infosys, Tata Consultancy Services, HCL Tech and Tech Mahindra were the biggest losers, declining as much as 5 per cent.