Sensex rises by over 450 points on FII buying

Indian shares extended gains to 2 percent on Wednesday afternoon, on strong foreign fund interest and firm world markets. At 2:48 p.m. the 30-share BSE index was up 2.08 percent at 20,633.70 points, with all but one component advancing. The 50-share NSE index was up 2.2 percent at 6,221.95.

BSE Midcap Index was up 0.91 per cent and BSE Smallcap Index moved 1.14 per cent higher.

Sectorally, BSE IT Index was up 2.59 per cent, BSE FMCG Index gained 1.62 per cent and BSE Realty Index moved 1.60 per cent higher.

Sensex gainers included TCS (4.08%), HDFC (3.41%), IDFC (2.86%),JaiPrakash Associates (2.59%) and ITC (2.28%).
NTPC (-0.31%), Hero Honda (-0.11%) and Cairn India (-0.06%) were the only index losers.

Market breadth was positive on the NSE with 2209 advances against 1058 declines.

European markets also had a positive start. FTSE 100 gained 0.49 per cent and CAC 40 advanced 0.65 per cent.