Equity benchmark indices rebounded after opening flat as US Treasury yields ease. IT and consumer stocks drove the market surge, while pharma and healthcare stocks slipped to trade in negative territory in the mid-trading session.
Bernstein chose Infosys Ltd. as its top pick among Indian IT companies, as it will likely lead in scale and marginal stability among large caps. Coforge Ltd. and Persistent Systems Ltd. also stand out in the small- and mid-cap sections for the fastest growth rate, the brokerage said.