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Benchmark indices have extended the gains amid strong Asian cues, with auto, capital goods and FMCG shares leading the rally.
At 11:42 AM, the 30-share Sensex rose 541 points at 19,811 and the 50-share Nifty gained 168 points at 5,848 levels.
Nearly all sensex stocks are up barring Dr. Reddy’s are currently trading in green. Tata Motors , L&T, HDFC, Maruti, Bharti Airtel, Hero Motocorp, M&M, ITC are leading the gains on the 30-share benchmark index.
BSE Capital goods, Auto and FMCG packs are leading the gains in sectors followed by Power, Consumer Durables, Realty, Bankex and TECk , which are all up more than 2%. All the major BSE sectoral indices are trading in green zone currently.
The major gainers on the Sensex currently include Tata Motors, L&T, HDFC, Bharti Airtel, Maruti Suzuki and Hero Motocorp, all gaining between 4-8%.
Bank stocks continued the rally on a fourth day with Yes Bank, Axis Bank and Bank of India leading the gains on Bank Nifty.
Asian market surged to three-month highs on Tuesday as Chinese annual industrial output rose a better than expected 10.4 per cent in August.
The rupee rose to a two-week high on Tuesday as receding geopolitical risks from Syria and strong exports in August helped lift the currency.
The market breadth in BSE remains positive with 1297 shares advancing and 535 shares declined.
