Brokers said continued capital inflows by foreign funds following an improvement in the sentiments on better-than- expected third quarter earnings by some corporates and strong sales in January by auto makers, supported the rally, reports PTI.
At 09.55 am IST, the 30-share BSE Sensex was trading at 17470.64 up by 170.06 points or 0.98% and NSE Nifty was trading at 5282.30 up by 46.60 points or 0.89%.
In Asia, all the markets were trading in positive terrain, the Nikkei 225 up by 79.98 points and was at 8890.29. The Hang Seng was up by 270.97 points and was at 20,608.90 Shanghai was up by 6.96 points and was trading at 2,275.04.
Among sectoral indices on BSE, all the sectors were trading in positive terrain. Consumer Goods, IT, Metal, Power, Bankex were leading the rally in the morning trade.
On the National Stock Exchange (NSE), the top volume gainers were Ster, Ambuja Cement, Tata Power, HCL Tech and ICICI Bank posted gains between 2.15%-4.31% in morning trade.
And the loser in morning trade were Cairn, Cipla, Reliance Communication, IDFC, DR Reddy.