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Indian bourses gained some ground in the noon trade, aided by sturdy earnings announced by corporates.

Information technology (IT) and telecommunication companies headed the gaining charts.

The 30-share index BSE Sensex, which belled the day at 18,983.2, remained up by 126.03 points to trade at 19,008.28 as against its last closure at 18,882.25.

In contrast, the 50-scrip S&P CNX Nifty of the National Stock Exchange also remained in the green zone after surging 36.55 points (0.65%) to trade at 5,691.3.

Technical analyst Anil Singhvi has maintained 'buy' rating on Tata Elxsi Limited stock with an intra-day target of Rs 300.

According to the analyst, the stock can be bought with a stop loss of Rs 282.

The stock of the company, on January 17, closed at Rs 285.60 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 347.45 and a low of Rs 230 on BSE.

Current EPS & P/E ratio stood at 13.10 and 22.21 respectively.

Technical analyst Kunal Saraogi has maintained 'buy' rating on Television Eighteen India Limited stock with a short term target of Rs 83.

According to analyst, the stock can be purchased on dips with a stop loss of Rs 72.

The stock of the company, on January 17, closed at Rs 73.35 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 98.60 and a low of Rs 61 on BSE.

Current EPS is -1.54.

Technical analyst Amit Gupta of ICICI Securities has maintained 'buy' rating on Tata Consultancy Services Limited (TCS) stock with a target of Rs 1165.

According to analyst, the investors can purchase the stock on dips with a stop loss of Rs 1130.

The stock of the company, on January 17, closed at Rs 52.30 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 93.95 and a low of Rs 45 on BSE.

Current EPS & P/E ratio stood at 153.76 and 16.39 respectively.

Rubber yesterday traded with the negative node and settled -0.42% down at 22894. Indian tyre makers bought natural rubber at a record 225 rupees ($4.94) per kg on Monday due to limited supplies in the spot market. Supply situation was very tight. Farmers were holding back stocks, expecting domestic prices to come at par with the international market. In yesterday's trading session Rubber has touched the low of 22865 after opening at 22410, and finally settled at 22894. For today's session market is looking to take support at 22789, a break below could see a test of 22685 and where as resistance is now likely to be seen at 23074, a move above could see prices testing 23255.

Mustardseed yesterday traded with the positive node and settled 2.83% up at 2942.