A broad-based buying was witnessed across the sectoral indices with FMCG and banking stocks outperforming. Sensex topped 58,900-level for the first time while Nifty 50 placed itself for 17,600-mark.
At around 2.00 pm, Sensex was trading at 59,044.35 up 321.15 points or 0.55% and Nifty50 at 17,593.20 up 73.75 points or 0.42%.
The Nifty FMCG was trading at 41,066.25 up 561.75 points or 1.39%, after touching a high of 41,402.30 and low of 40,453.70 during intraday trade on Thursday.
Shares of ITC Ltd. jumped as much as 9% after multiple large trades on Thursday. Each stock was trading at Rs231.05 per piece, up 7%. ITC hit a day's high of Rs233.65 per piece on Thursday.
United Breweries gained 0.8%. Procter & Gamble Hygiene and Dabur India were also trading higher. HUL, Tata Consumer, Marico and Varun Beverages were marginally higher.
Godrej Consumer was 2% down at Rs1,103.95 per piece, dragging the sector most. Jubilant Foodworks shed 1.2% at Rs4,114.25 per piece.
United Spirits, Emami, Nestle India, Britannia and Colgate Palmolive also traded in the red.