The rally was also aided by positive global cues. The Sensex added more than 300 points and the Nifty nearly 96 points, which was 20 points away from 6000 mark.
The BSE Sensex closed at 19,906.10, up 311.35 points and the 50-share NSE Nifty rose 95.50 points to settle at 5,980.45.
Sensex trades at 19833, over 200 points
Getting strong support from FMCG, telecom, cement, private power, private financial, oil & gas exploration's support, BSE Sensex added more than 200 points gains on Sep 20.
At 1:56 pm, the Sensex was trading at 19833, up 238 points and the Nifty was at 5953, up 68 points. The Nifty Sep 2010 futures were trading at 17 points premium and Oct 2010 futures at 31 points premium.
Reliance Industries, Tata Steel, HDFC, Orchid Chemical, Ispat Industries, SBI, Bharti Airtel and DLF were among the most active shares on exchanges.
However, TCS, NTPC, Sterlite, BHEL, SBI and Ranbaxy Labs were witnessing selling pressure.
Nifty continues to be green, ONGC, ITC up
With the support from heavyweights like ITC, ONGC, Bharti, Reliance Industries and HDFC, NSE Nifty was holding 5900 mark.
At 11:44 am, the Sensex was trading at 19767, up 173 points and the Nifty was at 5935, up 50 points. The BSE Midcap Index was up 0.6 percent and Smallcap up nearly 1 percent.
Reliance Communications, HDFC, ITC were among the top gainers with Rs 172.35, Rs 700.70 and Rs 173.40 up respectively.
However, Sterlite Industries, NTPC, Axis Bank, Maruti, Idea Cellular, Ranbaxy Labs and BPCL were the only losers in trade.
Nifty begins on a +ve note, FMCG, healthcare up
Regaining important level of 5900, Nifty began on a positive note. FMCG, healthcare and select financial companies' shares were on upmove.
At 9: 17 am, the Sensex was trading at 19669, up 74 points and the Nifty was at 5909, up 24 points. The CNX Midcap went up 45 points at 9207; about 641 shares advanced while 175 shares declined on NSE.
HDFC, Reliance Communications, Sun Pharma, Cipla, Suzlon Energy, Jaiprakash Associates, HUL, Reliance Capital, Tata Steel, ITC, Infosys, PNB, Tata Steel and ONGC were on buyers' radar were on buyers' radar among the frontliners.
However, Sterlite Industries, Uniech and Idea Cellular were down.