IT drag limits Nifty gains; Benchmarks pare early highs by midday

Equity benchmarks recovered from the morning’s early losses and turned positive by midday on Tuesday, but gains remained capped as persistent weakness in information technology stocks and elevated crude oil prices continued to weigh on broader market sentiment heading into the afternoon session.The BSE Sensex, which had opened at 75,826.68 against Monday’s close of 75,502.85, was trading at 75,795.82 by 12.50 pm, up 292.97 points or 0.39 per cent. The NSE Nifty50 was at 23,477.25, gaining 68.45 points or 0. ...