At around 2.30 pm, Sensex was trading at 60,796.21 up 511.9 points or 0.85%. Nifty 50 traded 18,175.80 higher by 183.85 points or 1.02%.
Just a couple of minutes, Sensex has hit a new 52-week high of 60836.62, while Nifty 50 climbed to a new all-time high of 18,197.80.
In terms of sectoral indices, BSE Auto skyrocketed more than 1,015 points. The index has touched a new high of 26,903.55. Also, the Nifty Auto index climbed over 4%.
Further, the Metal and Consumer Durables index on BSE zoomed over 410 points or 760 points respectively.
Overall, a broad-based buying was witnessed across sectoral indices except for the realty index that traded cautiously.
Tata Group stocks were outshining across the indicators. Tata Motors soared by a whopping nearly 23.5% so far today. Stocks like Tata Steel, Tata Consumer and Titan advanced by 3-4%.
Tata Group stocks have been in focus amid Q2 earnings, fundraising plans and becoming a successful bidder for Air India.
Large-cap stocks were major lifters of the benchmarks.
On Sensex, the top bulls at this hour- M&M soaring 7% followed by Power Grid, Tata Steel and Titan climbing around 3% each. Tech Mahindra, L&T, Reliance Industries and Sun Pharma advanced around 2% each.
RIL-led subsidiary Reliance New Energy Solar Limited (RNESL) has entered into an agreement with NexWafe GmbH (NexWafe) for acquiring 86,887 series C preferred shares of the face value of EUR 1 each of NexWafe at a price of EUR 287.73 per share aggregating EUR 25 million.
Further stocks like ITC, Ultratech Cement, Bajaj Finance, Kotak Bank and Infosys surged more than 1% each.
On the contrary, top bears on Sensex were - Maruti Suzuki slipping 2.5% followed by HUL diving over 1%. Nestle and SBI shed 0.5% each, while Axis Bank and Bajaj Auto dipped marginally.
Infosys, Wipro, Mindtree and Aditya Birla Money are among some major companies to announce their Q2 earnings today.