The Sensex rose over 200 pints to reclaim its important psychological level of 40,000 and the Nifty 50 index hit an intraday high of 11,884. The Sensex and Nifty extended their rally to fourth straight session and in the last four days Sensex has advanced over 1,000 points.
As of 10:54 am, the Sensex traded 175 points or 0.44 per cent higher at 40,006 and the Nifty 50 index was up 0.46 pe rcent or 54 points at 11,840.
Five of 11 sector gauges compiled by National Stock Exchange were trading higher led by the Nifty PSU Bank index's 1.7 per cent gain.
Nifty IT, Nifty FMCG, Nifty Financial Services and Nifty Bank indices also rose over 0.5 per cent each.
On the other hand, Nifty Auto index was top loser, down 0.7 per cent.
Mid- and small-cap shares were also witnessing buying interest as the Nifty Midcap 100 and Nifty Smallcap 100 indices rose around 0.6 per cent each.
Bharti Infratel was top gainer in the Nifty 50 basket of shares, the stock rose 3.2 per cent to Rs. 199.25. Bharti Airtel, Infosys, ITC, Zee Entertainment, Indian Oil, Larsen & Toubro, Wipro and Nestle India were also among the gainers.
On the flipside, Coal India, ICICI Bank, Tata Motors, UPL, Cipla, Maruti Suzuki, Bajaj Finance and Tata Steel were among the losers.
The overall market breadth was positive as 1,056 shares were advancing while 631 were declining on the National Stock Exchange.
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