The S&P BSE Sensex rose over 200 points and the NSE Nifty 50 index surpassed 11,650 led by buying interest in Tata Consultancy Services, Infosys, ICICI Bank, IndusInd Bank, Kotak Mahindra Bank and Reliance Industries. Meanwhile, FMCG heavyweights like Hindustan Unilever and ITC were witnessing a mild selling pressure. The Sensex rose as much as 0.54 per cent or 213 points to 38,897.48 and the NSE Nifty 50 Index climbed as much as 0.57 per cent or 67 points to 11,664.45.
As of 2:45 pm, the Sensex traded 0.21 per cent or 83 points higher at 38,768 and the NSE Nifty 50 Index advanced 0.39 per cent or 45 points to 11,643.
All sector gauges, barring the S&P BSE FMCG Index, were trading higher led by the S&P BSE Realty index's 1.7 per cent gain. Information Technology, Metal, Oil & Gas, Consumer Durables, Banking, Capital Goods and Basic Materials Indexes also rose between 0.5 and 0.7 per cent each.
Mid- and small-cap shares were also witnessing buying interest as the S&P BSE MidCap and S&P BSE SmallCap indexes rose around 0.5 per cent each.
Cipla was top gainer in the Nifty 50 basket of shares, the stock rose 2.96 per cent to Rs 536.40. IndusInd Bank, Tech Mahindra, Yes Bank, Infosys, UltraTech Cement, Indian Oil and TCS were also among the gainers.
On the other hand, Britannia Industries, Bharti Airtel, Dr. Reddy's Labs, Asian Paints and Hero MotoCorp were among the losers.
The overall market breadth was positive as 1,063 shares were advancing while 413 were declining on the BSE.