Indices erased early losses to trade higher with IT stocks taking the lead in gains.At around 2.05 PM, BSE Sensex was trading at 52,874.64 up 104.91 points or 0.20% and Nifty50 at 15,851.50 up 39.15 points or 0.25%.
The Nifty Metal was trading at 5,302.80 up 7.20 points or 0.14%, after touching a high of 5,331.55 and low of 5,283.55 during intraday trade.
State-owned companies MOIL and NMDC erased intraday gains to trade nearly 0.4% higher each. JSW Steel, Hindalco, Hindustan Zinc, Ratnamani and Coal India were trading flat.
APL Apollo shed 2.75% to trade at Rs1,449.60 per piece. Nalco was nearly 1% lower at Rs84.55 per piece. Adani Enterprises and SAIL were also trading lower.