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IT major TCS reported its June quarter numbers which were slightly below the expectations of the market

IndusInd Bank, Bajaj Auto and NTPC, up around 1% each, were top Sensex gainers followed by TechM, Titan and PowerGrid

The Nifty Metal index led the sectoral pack with gains of 2.20%, followed by the Nifty Realty index that climbed almost 2%.

IT stocks may remain resilient in spite of lofty valuations since there is good earnings visibility and improving prospects for growth

Nifty 50 declined 0.10% or 16.10 points to 15,818, while Sensex settled 0.04% or 18.82 points lower at 52,861

Bajaj Finance, HDFC Bank, UltraTech Cement, Maruti & Titan were among the top gainers on the Sensex gaining nearly 1% each

Market breadth remained strong throughout the day as 1,335 shares on the BSE advanced, while 655 declined and 322 remained unchanged

Data available with Motilal Oswal showed that 30% of Nifty companies are trading at a discount when compared with 10-year P/E.

Market experts suggest investors should stay put in the company and can add more in case of any meaningful correction in the counter