The market remained strong in morning trade led by short covering in banking & financials, auto, capital goods and FMCG stocks. Even the recovery in rupee helped equity benchmarks. The 30-share BSE Sensex rose 346.47 points or 1.30 percent to 26945.58 and the 50-share NSE Nifty climbed 98.90 points or 1.23 percent to 8156.20.
The BSE Midcap and Smallcap indices gained 1.3 percent and 1.6 percent, respectively. Nearly 5 shares advanced for every share declining on the Bombay Stock Exchange.
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