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Sensex volatile, Nifty holds 8350; Infosys, TCS rally 2%

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The market trimmed its early gains with the Sensex rising 61.30 points to 27518.88. The Nifty managed to hold 8350, up 13.85 points at 8356.

Top IT exporters TCS and Infosys gained more than 2 percent after Accenture raised its 2015 outlook for revenue growth to 8-10 percent in local currency. IT firm sees Q3 revenue in range of USD 7.35-7.6 billion.

Larsen and Toubro gained 1 percent as L&T Construction won orders worth Rs 1,711 crore in March. ONGC, Hindalco Industries, Tata Motors and Sesa Sterlite were other prominent gainers, up 1-2 percent. Among banks, ICICI Bank, HDFC Bank and SBI climbed 0.4-0.9 percent.

However, HDFC, ITC, Axis Bank, Sun Pharma, Mahindra & Mahindra, HUL, Dr Reddy's Labs, Hero Motocorp and Bajaj Auto declined more than 1 percent.

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