Markets continue to trade higher on back of firm opening in Europe and rally across Asia. Sensex has risen 322 points to 19,112 and Nifty has surged 98 points to 5736.
European markets opened in the green bouyed by new rules on capital requirements for Banks and strong data from China. Banking stocks lifted European shares higher. France's CAC-40 index surged 1%, Germany's DAX-30 index advanced by 0.7% and FTSE surged higher by 0.8%.
Among the Asian peers, Shanghai Composit Index has risen 0.94% to 2,688, Hang Seng has surged 1.8% to 21.665, and Taiwan Weighted is up 2.6% to 8,091 and Seoul Composite is trading higher by 0.9% to 1,818.
Broader markets continue to trade firm, Midcap index has risen 1% and smallcap index has surged 0.68%.
BSE Bankex continues to lead the gain, up 3.22%. Other indices that are shining in trade today are BSE PSU and Realty.
From the PSU space banking stocks are leading the gains, Central Bank has risen 5.3% to Rs 103 followed by Andhra Bank, Union Bank and SBI, up over 4% each.
Unitech, up 2.8% to Rs 84, Indiabulls Real Estate, up 2.2% to Rs 183, followed by DLF and Parsvanath which are the lead gainers from the Realty space.
All the components on Sensex are trading in the green, except Reliance Communication which is down 0.5%.
SBI has surged 4.6% to Rs 3,120, HDFC and ICIC Bank have risen 4% and 3.7% each to Rs 656 and Rs 1089 are lead gainers on the Benchmark Sensex.
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