Sensex above 31,000, soars over 200 pts; Axis Bank, Infosys rally

Axis Bank

Equity benchmarks gained further in noon trade, with the Sensex rising above 31,000 level on positive global cues.

The 30-share BSE Sensex was up 224.40 points at 31,058.72 and the 50-share NSE Nifty rose 70.65 points to 9,561.90.

Infosys, ITC, Axis Bank, M&M and Bharti Airtel were top gainers, up 1-3 percent while Kotak Mahindra Bank and Sun Pharma fell 1 percent each.

The broader markets also participated in the rally, with the BSE Midcap index up 0.8 percent and Smallcap up 1.3 percent on strong breadth.

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