Mumbai: Equity benchmarks gained momentum with the Nifty ending at fresh 11-month closing high on Wednesday after two-day consolidation, tracking positive trend in Europe and supported by FMCG, healthcare and energy shares.
The 30-share BSE Sensex was up 128.27 points at 27915.89 and the 50-share NSE Nifty gained 37.30 points at 8565.85 while the broader markets outperformed benchmarks.
The BSE Midcap and Smallcap indices rallied nearly 1% as about 1671 shares advanced against 1028 declining shares on the exchange.
"Market is gaining momentum supported by continued FII inflow and expectation that GST will see the light of day in the current session," Vinod Nair of Geojit BNP Paribas Financial Services said, adding on the global front, the markets will keenly watch any cues on further stimulus plan from the European Central Bank's meeting to be held on July 21.
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