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Equity benchmark indices traded firm during early hours on August 23 with IT stocks witnessing smart gains. At 10:15 am, the BSE S&P Sensex was up by 263 points or 0.48 per cent at 55,592 while the Nifty 50 rose by 70 points or 0.43 per cent to 16,521. Nifty auto slipped by 0.3 per cent and FMCG by 0.07 per cent.