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India’s second largest IT company, Infosys, in a concall on Monday warned investors of weaker margins in second half of FY16. This will mainly be due to lower spending by the company’s top clients on account of the festive season.The market has extended rally in early trade Tuesday, taking positive cues from global peers. The 30-share BSE Sensex climbed 109.17 points to 25869.27 and the 50-share NSE Nifty gained 30.95 points at 7837.55.

.ICICI Bank, Vedanta, SBI, L&T, BHEL, Idea Cellular, Cairn India and Tata Power were early gainers, up around a percent each. Dr Reddy's Labs, Bharti Airtel, GAIL, Hero Motocorp, Infosys and HCL Technologies were losers.Sugar stocks extended their rally today after seeing sharp gains in the previous session amid a global rally in raw sugar prices.