The market on Tuesday opened lower after an extended weekend.But it soon pared losses, led by gains in key IT stocks after sector bellwether, Infosys, declared positive quarterly results. Both the benchmark indices, Sensex and Nifty, ended with gains of 2-2.5%. Amongst the sectoral indices, the BSE IT, BSE Tech and BSE Healthcare were the major gainers ending the day higher by 5%, 4% and 3% respectively. Among the frontliners, Reliance Wipro, RCOM,

Infosys, TCS and Ranbaxy gained 4.5-9%, while ACC, HDFC, Ambuja Cements, HDFC Bank and Hindalco lost ground by 0.5-1.5%. In the mid-cap segment, Ruchi Soya, 3iInfotech, Zee News, Bombay Dyeing and Orchid Chem gained 7-16.5%, whereas Development Credit bank, Max India Limited, India Cement, Gujrat NRE Coke and Balaji Telefilms lost 3-10%.