The market extended its gains during the afternoon session after clocking its 52-week high on the Nifty, driven by Infosys, HDFC Bank and Bharti Airtel.
The Sensex was up 118.56 points at 28983.27, while the Nifty rose 39.90 points at 8966.80. The market breadth narrowed as 1,321 shares advanced, 1,241 declined while 191 shares remained unchanged.
Telecom stocks continued to be the top gainers on Sensex and the Nifty on the back of reports of consolidation in the sector.
IT stocks too have witnessed a gain on the indices, with TCS and Infosys surging almost 2 percent.
Indian Hotels was on the investors’ radar after N Chandrasekaran was elected as the chairman of the firm. The stock staged a recovery from its fall of over one percent. The stock is now up 0.21 percent.
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