Among the index gainers were Jaiprakash Associates, Bank of Baroda, Reliance Infra and DLF. Among the stocks that lost ground were Tata Power, Siemens, Bharti Airtel and Lupin Laboratories.
Software stocks were all trading higher on hopes of better prospects for software exports. Equities are expected to rally even further along with commodities on hopes that quantitative easing measures would continue with Barack Obama as President.
Meanwhile, the rupee gained 20 paise as a surge in equities provided support to the currency. The rupee was trading at 54.20 against the dollar at 12.30 pm IST.