The benchmark indices have touched fresh highs on Wednesday afternoon, with the Nifty touching the 17,500 mark, led by gains in information technology stocks.
At 1:40 pm, the Sensex was trading at 15,702, greater by 458 points or 0.79 per cent and the Nifty going beyond 17,500 to 17,513.50, up 133 points or 0.7 per cent.
The broader markets are also trading strong, with the BSE Midcap index and the BSE Smallcap index adding 0.7 per cent each.In the currency market, the rupee opened on a flat note and inched higher by 2 paise to 73.66 against the US dollar.
At the interbank forex, the rupee opened at 73.68 against the dollar, then inched greater to 73.66.
On the stock-specific front, NTPC and Bharti Airtel have actually soared by 5 percent each to top the gainers list on the BSE.
Information technology stocks are likewise going strong, with HCL Tech, Infosys, TCS and Tech Mahindra gaining 1-3 percent each on the BSE.On the other hand, choose monetary stocks are trading weak.
HDFC Bank, Axis Bank and Axis Bank are trading weak.
Amongst stocks in the news, Shree Cement increased as much as 2.6 percent to strike an intraday high of Rs 31,441.05 after the business announced capability expansion strategies in West Bengal and Rajasthan post market hours on Tuesday.
Male Infra increased as much as 2.6 percent to hit an intraday high of Rs 89.40 after the business notified exchanges that its subsidiary Guy Infra Agreements, in which the company holds 70 percent collaboration, was appointed as designer by Juhu Sai Darshan Co-Operative Real Estate Society at Juhu in Mumbai.SpiceJet increased as much as 7.5 percent to hit an intraday high of Rs 77.40 after the business revealed flights on new domestic and worldwide routes.