The BSE benchmark -- 30-share Sensex -- extended its gains by 138 points to 16,868.73 amid a choppy trade. Support was seen coming from oil & gas, technology, FMCG, healthcare and select infrastructure & financial companies' shares. The 50-share NSE Nifty jumped 34 points to 5,069.60. However, broader indices were underperforming benchmarks with falling nearly 0.5%.
According to Laurence Balanco of CLSA, the old support zone of 5,100-5,200 is seen as initial resistance level, followed by next resistance level at 5,481.
Among largecaps, TCS, HDFC, Sun Pharma, Infosys, Jaiprakash Associates, HCL Tech and HDFC Bank were top gainers, with rising 2-3%.
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