Among BSE sectoral indices, consumer durables index was the star-performer and was up 1.31 per cent, followed by IT 0.82 per cent, TECk 0.74 per cent and capital goods 0.51 per cent.
At 10.25 a.m., the 30-share BSE index Sensex was up 61.91 points or 0.2 per cent at 31,373.48 and the 50-share NSE index Nifty was up 13.6 points or 0.14 per cent at 9,671.15.More news: Bank of England chief downplays chance of interest rate hike
Short-term triggers such as bonus and share buybacks due from companies such as Wipro Ltd are also boosting overall sentiment in the sector, he added. On the other hand, realty index was down 0.2 per cent, banking and PSU 0.03 per cent each.
Banks failed to continue yesterday's gains, with the Nifty Bank index losing 0.2 percent.More news: Cristiano Ronaldo in focus after Confederations Cup tie
Among mid-caps, Mindtree Ltd gained as much as 1.8%, while Tata Elxsi Ltd rose as much as 2.5%. But the gains were capped on continued FII selling.
Market participants also seemed comforted by Sebi's plans to relax its norms for direct registration of foreign investors and fast-track the listing process for companies, including startups, as part of efforts to make the Indian stock market more attractive for investments.More news: Theresa May 'distraught' over fatal London tower blaze
- George informs Pacers he will leave in 2018
- Solar Power Will Kill Coal Faster Than You Think
- Halep roars back against Svitolina to reach semis
- Russia: US Warplanes West of Euphrates in Syria Now Legitimate Targets
- Britain begins Brexit negotiations with EU
- Supreme Court to hear partisan gerrymandering case
- Shah Rukh Khan's daughter prepares for Bollywood debut
- Cristiano Ronaldo breaks silence after Portugal's draw against Mexico in Russian Federation
- 79 people feared dead in London high-rise fire
- Brexit negotiations kick off almost a year after referendum