While buying across sectors supported the markets, the indices had to suffer the adverse effects of weak European cues.
BSE Sensex ended at 17,573.99, up 101.43 points and NSE Nifty shut shop at 5269.35, up 24.45 points.
RIL, SBI shine; benchmarks surge
The benchmarks continued to surge after two days of consolidation. While Sensex gained over 250 points, Nifty surged above the 5300 mark.
At 2: 30 pm, BSE Sensex was trading at 17,762.20, up 289.64 points and NSE Nifty was at 5327.40, up 82.50 points.
Heavyweights Reliance Industries and SBI led the markets to the uptrend by shooting up 3 per cent and 6 per cent respectively. Auto, technology, FMCG, banking & financial, oil & gas, select capital goods and metal companies' shares were the other leaders.
Bharti, Sun Pharma, Axis Bank, BHEL, Idea Cellular, Tata Steel, Unitech, Ambuja Cements and ACC were the losers.
2: 35 PM
Nifty strengthens on buying in RIL, TCS, SAIL, ITC
Riding on buying interest in heavyweights like Reliance Industries, SBI, SAIL, ITC, HDFC, HUL, TCS and Infosys, Nifty gained after seeing a flat opening.
At 12: 30 pm, BSE Sensex was trading at 17,594.45, up 121.89 points and NSE Nifty was at 5278.65, up 33.75 points.
Ahead of its results, scheduled to be released on Friday, Apr 23, index heavyweight Reliance Industries gained 1.7 per cent.
Upgradation of target price for its shares by BoA-ML, helped SBI enjoy a 4 per cent surge.
Among the losers were ONGC, Bharti, BHEL, Sun Pharma, DLF, HDFC Bank, Tata Steel, Idea Cellular, Unitech, Tata Power and Ambuja Cements.
12: 35 PM
Mkts open lower on weak Asian cues
After ending the Wednesday, Apr 22 voltile session on a flat note, Nifty opened up the day on the same flat note due to weak global cues.
Profit booking and concerns on Greece's credit-default swaps hit the Asian markets, in tunr affecting the Indian benchmarks.
At 9:02 am, NSE Nifty was trading at 5233, down 11 points and BSE Sensex was at 17446, down 26 points. The CNX Midcap dipped 4.5 points to 7972.
Tata Steel, Bharti, Hindalco, IDFC, Idea Cellular, PNB, L&T, BHEL, HDFC Bank, Cairn India, ONGC, DLF and NTPC were the early frontline losers.
However, on a positive note, buying interest was seen in TCS, Reliance Industries, M&M, Maruti Suzuki and Cipla.
In the midcap and smallcap arena, TVS Motor reeled under profit booking and dipped 2.4 per cent. Balrampur Chini slipped 1 per cent.
The gainers were Infotech Enterprises up 3 per cent, Godrej Industries up 1 per cent, Thomas Cook up 3 per cent, Brandhouse Retail up 1 per cent and Spice Mobiles up 5 per cent.