The Sensex surged further to a high of 17,151 and is now up 448 points (2.6%) at 17,140.
The Nifty is up 131 points at 5,117.
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(Updated at 1301 hrs)
Global cues pushed the Sensex over 17,000 after six trading days. Further buying in oil & gas, IT and power stocks has helped the Sensex to touch a high of 17,138. The index is now up 424 points at 17,116.
The Nifty is up 129 points at 5,115.
US markets rallied on Tuesday as a better-than-expected home sales data was reported. Asian markets are also trading the green today.
The BSE oil & gas index has surged 3% to 10,267. IT, power, capital goods and metal stocks have also gained.
Reliance has surged 3% to Rs 1,053. Other heavy-weights, Infosys and ICICI Bank are up 3% each.
NTPC has rallied 5% to Rs 226. Hindalco has gained 1.5% at Rs 148. Sterlite has added 3.5% to Rs 834.
Larsen & Toubro, HDFC, Tata Steel, DLF, Mahindra & Mahindra, TCS and Wipro are the other top gainers.
The market breadth is fairly positive. Out of 2,744 stocks traded, 1,950 have advanced while 706 have declined.
VALUE & VOLUME TOPPERS...
Tata Steel has topped the value chart with a turnover of Rs 86.71 crore, followed by Reliance (Rs 78.53 crore), Suzlon (Rs 57.80 crore), Zandu Pharma (Rs 51.05 crore) and HDIL (Rs 50.17 crore).
The volume chart is being led by Suzlon with trades of over 6.7 million shares, followed by Kaashyaap Technologies (5.20 million), NHPC (5.07 million), Unitech (3.94 million) and Spicejet (3.43 million).
