The market continued to trade near day's high, with the Nifty reclaiming 10,700 levels on strong support from banks, FMCG, infra, pharma and oil retailers stocks.
The Sensex is up around 250 points while the Nifty Midcap index continues to outperform frontlines, rising over a percent.
The Nifty IT is the only loser among sectoral indices, falling 2 percent on appreciation in the rupee while Sun Pharma retains its top position in the buying list among Nifty50 stocks, rising 7 percent following March quarter earnings.
The market is trading at day's high, with the Nifty inching towards 10,700 levels following sharp correction in crude oil prices and appreciation in the rupee.
The Sensex is up over 250 points, backed by banking & financials, oil retailers, pharma and FMCG stocks. However, the consistent selling pressure in technology stocks capped market gains.
L&T share gained 2 percent ahead of March quarter earnings due later in the day. According to Reuters poll estimates, profit is seen falling 9% but revenue may grow nearly 12 percent and EBITDA is likely to grow 17.5 percent compared to year-ago.
Missed call
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