Sensex, Nifty extend rally; Midcap up 1%; Infosys, PSU banks in focus

Epic Update InfosysEpic Update Infosys

Equity benchmarks as well as broader markets extended rally in afternoon trade after Infosys and PSU banks gained strength.

The 30-share BSE Sensex Sensex was up 189.35 points at 31,481.20 and the 50-share NSE Nifty rose 51.60 points to 9,817.15 while the BSE Midcap and Smallcap indices gained 1 percent each.

About two shares advanced for every share falling on the BSE.

 Infosys added nearly 3 percent intraday after reports emerged that former executive Nandan Nilekani is likely to return at the helm of affairs at the company.

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