The benchmark Sensex ruled firm in the late morning deals, up 215.05 points to 28,117.71 on buying in most of the sectors led by auto, bank, realty, metal, Oil&Gas and capital goods. Higher Asian cues and sustained FII buying also supported the market sentiment. The 30-share index resumed higher at 27,012.46 and hovered between 28,138.24 and 28,010.66 before quoting at 28,117.71 at 1100 hrs, showing a rally of 215.05 or 0.77 per cent over its last close.
The NSE 50-share Nifty was also trading higher by 66.90 points, or 0.78 per cent, at 8,674.35. Major gainers were Tata Motors 4.56 pct, Heromoto 1.44 pct, Tata Steel 1.12 pct, Reliance 1.04 pct and Bharti Airtel 0.70 pct.
Meanwhile, foreign portfolio investors (FPIs) bought shares worth a net Rs 286.52 crore yesterday, as per provisional data released by the stock exchanges. Notable gainers were Maruti 2.80 pct, Bajaj Auto 2.80 pct, GAIL 1.80 pct, ICICI bank 1.44 pct and HUL 1.35 pct. Overseas, Asian stocks were trading higher tracking overnight gains in US stocks as commodities prices rebounded. US stocks finished higher yesterday on increased prospects of Federal Reserve raising rates in 2016. Investors continued to weigh remarks of Federal Reserve Chair Janet Yellen.