Benchmark indices opened the day strong as Asian markets were trading higher with the Japanese Nikkei continuing to surge in trade hitting a 15 year high.
Leading gainers was DLF, which rallied after the company announced good guidance of revenues. Cipla and Maruti continued to gain ground in trade.
Shares in jewellery companies were in the limelight after the RBI eased gold import and lending norms for banks. Muthoot Finance was up more than 1 percent, Titan rose 2.7 percent and PC Jeweller gained 4.1 percent.
The RBI has eased gold import and lending norms for banks.
Shares in Suzlon continued to see heavy volume based buying and was up for a third straight session. The stock has gained substantially since Dilip Sanghvi the Sun Pharma promoter picked a stake in the company.
Top Nifty losers in trade were Bajaj Auto, ACC, Dr Reddy's and Jindal Steel. Midcap stocks also saw some buying interest with Jubilant Foodworks and Bharat Forge among the gainers in trade.
Meanwhile, markets in Asia were trading significantly higher led by gains in the Japanese Nikkei.