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The BSE benchmark Sensex, which soared to 20,086.43, gaining over 350 points in a flash, is currently up 256.90 points or 1.3% at 19,989.66. The Nifty index of the National Stock Exchange is up 71.65 points or 1.22% at 5922.25, off an early high of 5957.25.
The market, which rose sharply on some hectic buying in early trades this morning, has come off its high due to a bout of profit taking at some counters, but still remains fairly well placed in positive territory.
The rupee's strong start against the U.S. dollar and hopes of some reforms announcements from the government appear to have lifted sentiment to a significant extent.
The BSE benchmark Sensex, which vaulted to 20.086.43, is currently up 216.35 points or 1.1% at 19,949.11. The Nifty index of the National Stock Exchange is up 66.60 points or 1.14% at 5917.20, around 40 points off the day's high of 5957.25.
Bank stocks continue to hog the limeligth. Mirroring strong buying in that space, the BSE Bankex is now up 3.2%. Key stocks from FMCG, capital goods, automobile, PSU and power sectors are also trading notably higher.

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