Sensex was up by about 120 points to 28,144.32, bringing up gains for the second straight day on sustained foreign fund inflows and persistent buying by investors as the Cabinet yesterday cleared changes in the GST Constituional Amendment bill amid July derivatives expiry.
The strengthening rupee against the dollar at the forex market and short-covering by participants with today being the last trading session of the July series of derivative contracts supported the upmove.
According to brokers, sentiment were affected on hopes that the long-awaited GST Bill may be passed in the ongoing monsoon session of Parliament after the Cabinet yesterday cleared changes in the Constitutional Amendment bill.
The 30-share barometer was trading higher by 119.99 points, or 0.42 per cent, at 28,144.32. The gauge had gained 47.81 points in the previous session. Sectoral indices led by realty, consumer durables, auto and FMCG led the rally, rising up to 1.13 per cent.
The NSE Nifty rose by 32.85 points, or 0.38 per cent, to 8,648.65.
On the other hand, other Asian markets were trading in the negative zone in their early trade after the Federal Reserve left the door open for a US interest rate hike this year.
In the Asian region, Nikkei of Japan fell 0.69 per cent while Hang Seng of Hong Kong shed 0.37 per cent in early trade. The US Dow Jones Industrial Average ended 0.01 per cent lower on Wednesday.
Meanwhile, the rupee appreciated by another 14 paise to 67 against the dollar in early trade today at the Interbank Foreign Exchange amid sustained selling of the American currency by exporters.