The 50-share NSE Nifty closed at settle at 5,486.15, up 46.90 points or 0.86 per cent higher and 30-share BSE Sensex shut shop at 18,287.50, up 143.51 points or 0.79 per cent.
BSE Realty Index rallied 4.5 per cent as realty shares like Unitech surged 6.5 per cent. Among the financials, ICICI Bank gained 3.2 per cent, SBI rose 1.2 per cent, and HDFC, IDFC, Kotak Mahindra Bank and PNB went up 1 to 1.8 per cent. In IT segment, TCS rose 1.75 per cent, Wipro, Infosys and HCL Tech were up 0.4 to 1 per cent.
4: 20 PM
Markets gained on positive European cues
At 1:15 pm, the benchmark Sensex gained more than 100 points post positive European cues.
European markets like France's CAC, Britain's FTSE and Germany's DAX were at 1-1.5pc and Shanghai closed 0.5pc higher.
ICICI Bank, Bharti, SBI, DLF, NTPC, HDFC and BHEL were the leading shares.
Market was dragged by oil & gas, selected technology, healthcare companies, HDFC Bank & ITC
The Sensex was at 18255, up 111 points and the Nifty was at 5475, up 35.7 points. The BSE Midcap Index was up 1.1pc and Smallcap up 1.5pc. and the Nifty August future was trading at 8 points discount.
Top gainers Unitech was at Rs 88.15, up 3.71pc; DLF was at Rs 318.85, up 3.62pc; ICICI Bank was at Rs 977.50, up 2.92pc; Reliance Communications was at Rs 177.25, up 2.58pc; Power Grid Corp was at Rs 101.90, up 2.36pc; Bharti Airtel was at Rs 328.50, up 1.92pc and Jindal Steel was at Rs 636.30, up 1.74pc.
Jubilant Foodworks, Tide Water Oil, Midfield Inds, Reliance Inds, BF Utilities, ICICI Bank, Tata Motors and DLF were the most active shares on exchanges.
In the midcap space, Jubilant Foodworks shot up 12.5pc. OnMobile Global, Sadbhav Engg, TVS Motor and IBN18 Broadcast gained 5-6pc while KGN Industries, Britannia, Edelweiss Capital, Atlas Copco and Aurobindo Pharma lost 1.35-7.5pc.
In the smallcap space, Rain Commodities, REI Six Ten, BL Kashyap, Raymond and Garware Offshore surged 11.5-15.7pc while Sarasind, Maharashtra Ele, Bhagwati Banquet, Well Pack Paper and Sanghi Inds fell 4.5-6pc.
Senex gains further; ICICI Bank, ACC, SBI lead
At 10:34 am, the benchmark Sensex gained further to 0.5pc led by capital goods, metal, cement, telecom, realty, PSU power and select financial companies' shares along with ONGC and ITC.
The Sensex was at 18208, up 64 points and the Nifty was at 5458, up 20 points.
The BSE Midcap Index was up 0.8pc and the Smallcap was up 1.2pc.
Top gainers were Unitech at Rs 87.85, up 3.35pc; DLF was at Rs 316.25, up 2.78pc; ICICI Bank was at Rs 967.75, up 1.89pc; Power Grid Corp was at Rs 101.30, up 1.76pc; Kotak Mahindra was at Rs 822.60, up 1.36pc; ACC was at Rs 834.40, up 1.16pc; SBI was at Rs 2,644, up 0.92pc and Jindal Steel was at Rs 630.95, up 0.89pc.
The most active exchangers were Jubilant Foodworks, Tide Water Oil, Tata Motors, Gitanjali Gems, BF Utilities, ICICI Bank, Reliance Inds and Unitech.
In the midcap space, Jubilant Foodworks, Puravankara Projects, Sadbhav Engg, Godrej Properties and Gujarat Flourochem rallied 4-6.5pc while KGN Industries, Essar Shipping, Atlas Copco, Dish TV India and Edelweiss Capital lost 2-2.5pc.
In the smallcap space, REI Six Ten, Garware Offshore, Vascon Engg, Dunlop India and Lok Housing shot up 7-16pc while Maharashtra Ele, Nectar Life, Well Pack Paper, Sarasind and Graviss Hosp fell 4-5pc.
Nifty trading green; ONGC, ABB gain
At 9:01 am, the benchmark Nifty opened flat in Asian markets. Breadth was strong due to upside in midcap and smallcap stocks.
Sensex was at 18179, up 35 points and the Nifty was at 5451, up 12 points.
The CNX Midcap rose 26 points to 8572. NSE shared 643 advanced while 177 shares declined
Frontliners, ONGC, Power Grid, ABB, M&M, Tata Motors, L&T, IDFC, ICICI Bank, DLF and SBI were gainers.
Market was dragged by Ambuja Cements, Infosys, Wipro, TCS, Bharti and Reliance Industries
Midcap & Smallcap space: Essar Shipping was down 2pc on profit booking. VLS Finance shot up 20pc.
GMR Infrastructure gained 1pc, as its Q1 profit after tax jumped to Rs 28.44 crore from Rs 22.53 crore. Reliance MediaWorks rose 5pc as its Q1 loss declined to Rs 53.6 crore from Rs 63 crore.
Gammon Infra went up 1.8pc and KSK Energy rallied 6pc, as PAT surged 69pc to Rs 80.8 crore.