However, profit booking did weigh on the markets during the trade. Reliance Industries and L&T were 1.4 per cent and 2.4 per cent off from their highs. Bharti Airtel fell 1.34 per cent. Tata Motors, TCS, HUL, ACC, Hindalco were other stocks that dragged on the markets and closed flat.
China's Shanghai closed 4.52 per cent higher at 2,911.582 and other Asian markets were up 1.5 to 2 per cent except Taiwan.
European markets were trading 1.5 perr cent higher while US index futures up 0.5 per cent each.
Global cues help mkts; all sectoral indices green
At 2:13 pm, the BSE Sensex was trading at 15,080 up by 272 points, and the NSE Nifty was at 4,473 went up 79 points. The broader indices also went up 1.3 per cent each.
The indian markets continue to trade positive on back of strong global cues.
Shanghai jumped 4.5 per cent and other Asian markets jumped 1.5 to 2 per cent expect Taiwan; European markets also up 1 to 1.5 per cent and US index futures up 0.4 to 0.5 per cent. With all these indices trading in green, Indian equities are on their way to recover from the Wednesday, Aug 19 losses.
All the sectoral indices were in green. The BSE Auto, Metal, Bank, Realty and Capital Goods indices gained 2 to 3 per cent. Power, Oil & Gas, IT and TECk indices were up by 1 to 1.8 per cent.
Mkts +ve; benchamarks and broader indices up
At 11 am, Sensex was up 239 points, to 15,048 and the Nifty rose 67 points, to 4,460. The broader indices gained over 1 per cent.
Buying across the secors is supporting Nifty. Oil & gas exploration, metal, capital goods, banking and power stocks were trading higher.
The new entrant, Adani Power was trading at Rs 99 per share.
All sectoral indices were in the green. Auto, Metal, Capital Goods, Oil & Gas, Realty, Bank, Power and IT indices were up 1.5 to 2 per cent.
Among the 50 stocks on the Nifty, BPCL was the only one trading down.
12: 18 AM
Mkts open green; buying in banks, real estate
The Indian markets bounced back on back of positive global cues and buying interest in banks, real estate, oil & gas exploration companies.
At 10:01 am, the Nifty was up 83 points, to 4,477 and the Sensex gained 287 points, to 15,096. The broader indices were up 1 per cent each.
The gainers among the frontliners are Sterlite Industries, Cairn India, SBI, Tata Steel, SAIL, Hindalco, Unitech, Grasim, DLF, Sun Pharma, Hero Honda, Reliance Infrastructure, ONGC, Infosys, M&M and Cipla.
Among the midcaps, KPIT Commins, Sasken Comm, Firstsource and HOEC gained. Puravankara Projects surged 10 per cent. However, Mphasis down 1 per cent post numbers and Glenmark down 2 per cent were the losers.
Shanghai which caused the Indian markets to slump on Monday, Aug 17 and Wednesday, Aug 19 jumped 2 per cent in the current session.