Buying in IT stocks drives Sensex higher for 3rd day, up 113 pts

NEW DELHI: IT names saw heavy buying amid a shift to defensives but PSU stocks and RIL NSE 0.33 % witnessed profit booking as cautiousness over US stimulus checked investor enthusiasm on Tuesday.

Benchmark indices extended their rally to the third day. In the last 14 sessions, they have closed in the green in 13 instances, thanks largely to a rally in IT and pharma stocks. However, with the one-way rally, volatility has also surged.