Metal, banking, realty, power and telecom were the leading sectors in trade today along with heavyweight Reliance Industries.
The Nifty could not able to cross the 5,000 mark, because selling in cement stocks, and ONGC, TCS, HDFC Bank, Ranbaxy and HUL limited the gains.
The 30-share BSE Sensex closed at 16,692, up 90.80 points or 0.55 pc and the 50-share NSE Nifty rose 0.67 pc or 33.25 points, to settle at 4,985.85.
The broader indices outperformed the benchmark indices, up 0.8-1 pc, as the market breadth was 2:1 on the NSE.
Global cues remained positive; European markets were trading 0.4-1 pc higher and US index futures were up 0.3-0.5 pc, at the time of closing of Indian equities.
Asian markets ended higher barring Shanghai; Nikkei rallied 1.91 pc. Jakarta and Straits Times went up 1.3-1.5 pc. Hang Seng, Kospi and Taiwan Weighted gained 0.7-0.9 pc. However, China's Shanghai fell 2.3 pc.
Sensex trading higher; Bharti, SAIL gain
At 01:30 pm, continuous buying in telecom, metal, banking, power, realty and select auto stocks along with heavyweights RIL & L&T was helping the Sensex to maintain about 100 points
However, selling in select stocks like technology, cement stocks along with ONGC, BHEL and Ranbaxy Labs capped the gains to some extent, which was also adding some volatility.
The 30-share BSE Sensex was trading at 16,703, up 102 points and the Nifty was at 4,985, up 32 points.
European markets were also trading higher in early trade.
Top percentage gainers were Umang Dairies, Pacific Industries, Aegis Logistics, NESCO, Salzer Electronic, Jayant Agro-Org, Glodyne Techno and Batliboi were up 10-17 pc.
Top percentage losers were Zandu Pharma tanked 15.61. Mavens Biotech, Rungta Irrig, Raghuvir Synth, Emami, Havells India, Greenply Industries and Lotus Eye Care fell 5-10 pc.
Nifty volatile; ONGC, TCS, BHEL dip
At 11:07 am, the Nifty continued to see volatility today as well. Buying in banking, realty, metal, telecom, power and select auto stocks was supporting the markets to trade on the higher side.
The volatility was due to selling in ONGC, TCS, BHEL, Sun Pharma, Grasim and Siemens. Reliance Industries was also the loser.
The 30-share BSE Sensex was trading at 16,676, up 75 points and the Nifty was at 4,975, up 23 points.
The broader indices were outperforming the benchmark indices, up 1-1.2%, as about 959 shares advanced while 234 shares declined on the NSE.
In the midcap space, Nava Bharat Ventures, Wockhardt, Cadila Health, Bank of Maharashtra and Glenmark were up 4-6 pc while Emami, Havells India, Asian Star, Piramal Health and Jain Irrigation fell 2-7 pc.
In the smallcap space, Aegis Logistics gained 11.63 pc, as the company's board approved acquisition of 100 pc equity capital of Shell Gas.
Sensex bounces back on positive global cues
The Sensex bounced back on the back of positive global cues. Realty, banking, metal, telecom and select infrastructure stocks were seeing buying interest.
At 9:56 am, the Nifty rose 29 points to 4,982 and the Sensex was trading at 16,699, up 98 points. The CNX Midcap gained 63 points at 7,221. About 814 shares advanced while 97 shares declined on the NSE.
Among the frontliners, DLF, Unitech, Hindalco, IDFC, Reliance Power, Suzlon Energy, Axis Bank, ICICI Bank and Reliance Capital were gainers. Heavyweight Reliance Industries was also up.
However, ONGC, BHEL and ITC were losers in early trade.
Asian markets were trading higher barring Shanghai. Hang Seng, Jakarta, Nikkei, Straits Times and Taiwan Weighted gained around 1 pc. Kospi rose 0.4 pc. SGX Nifty went up 0.57 pc. However, Shanghai fell 0.6 pc.