The BSE Small-Cap index and the BSE Mid-Cap index were trading at 0.8% and 0.9% respectively.
India's main stock benchmarks have ginve up some of their gains going into the last half an hour of trade but the overall mood remains quite
buoyant owing to healthy global cues. Sentiment on local bourses improved after the International Monetary Fund (IMF) raised its outlook for India's GDP growth for the year to 9.4% from 8.8%
announced in April.
Also, the overnight advance in US and Europe stocks spread to most
Asian markets, barring China, after State Street raised its earnings forecast and worries eased over the European banks' stress tests.
At 02:57 pm (IST), the BSE Sensex was trading at 17,670, up 199 points or 1.4% over the last close. It had earlier been as high as 17,728after opening at a day's low of 17,536.
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